Fundamental Analysis On High Plains Gas Inc (OTC:HPGS) Penny Stock

Company Background High Plains Gas Inc (OTC:HPGS):

High Plains Gas produces and markets natural gas in the United States. HPGS has interests in North and South Fairway assets which are approximately 1,614 coal bed methane walls with associated flow lines covering approximately 155,000 net acres. In Dry Fork Project the company has 7 drilled wells in the Powder River Basin in central Wyoming. The company is operating approximately 57 wells in the Grams and Mils Gillette fields. The headquartered of High Plains Gas Inc situated in Gillette, Wyoming.

Financial Analysis:

High Plains Gas Inc (OTC:HPGS) generated the total revenue of $2.78 million for the quarter ended September 30th, 2011 as compared to revenue of $0.00 million for the same period last year. The company reported the net loss of $11.03 million or loss of $0.02 per share for the respective quarter as compared to net loss of $0.03 million or loss of $0.03 per share last year.

The company’s total assets accumulate up to $39.61 million out of which fixed assets have the highest proportion. The company maintains a short term liquidity position as per its current ratio of 0.23 times.