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The purpose of this paper is to analyze the disclosures contained within the notes to the financial statements related to cash and cash equivalents, receivables, and inventories. But fist let’s start with US Energy’s stock information.
Information about their Stock
Shares of US Energy Corporation common stock are traded on the over-the-counter market, and prices are reported on a "last sale" basis on the National Association of Securities Dealers Automated Quotation System ("Nasdaq").
At March 14, 2007 the closing market price was $5.18 per share and there were approximately 604 shareholders of record, with 19,991,611 shares of common stock issued and outstanding, including shares owned by their subsidiaries and shares in officers' and directors' names that are subject to forfeiture...
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