Houston American Energy (NYSEAMERICAN:HUSA) Shares Up 2.3% – Here’s Why

Houston American Energy Corporation (NYSEAMERICAN:HUSAGet Free Report)’s share price traded up 2.3% during trading on Tuesday . The company traded as high as $2.26 and last traded at $2.19. Approximately 379,179 shares were traded during trading, a decline of 45% from the average session volume of 693,362 shares. The stock had previously closed at $2.14.

Houston American Energy Stock Performance

The company has a market cap of $75.84 million, a P/E ratio of -0.24 and a beta of 1.02. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $2.19 and a two-hundred day simple moving average of $2.19.

Houston American Energy Company Profile

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Houston American Energy Corporation is an independent oil and natural gas exploration and development company. Its activities include acquiring, evaluating, developing and producing interests in oil and gas properties.

The company’s operations and investments have primarily focused on U.S. onshore properties, particularly opportunities in the Permian Basin of Texas and New Mexico. Its asset portfolio may include working and non-operated interests, giving the company exposure to exploration, development and production activities conducted by its operating partners.

Houston American Energy was established in 2001 and is headquartered in Houston, Texas.

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