Houston American Energy (NYSE:HUSA) Trading Up 8.7% – What’s Next?

Houston American Energy Corp. (NYSE:HUSA)’s stock price was up 8.7% during trading on Thursday . The company traded as high as $1.39 and last traded at $1.37. Approximately 1,353,086 shares traded hands during mid-day trading, an increase of 114% from the average daily volume of 631,965 shares. The stock had previously closed at $1.26.

Houston American Energy Stock Performance

The stock’s 50 day moving average price is $1.22 and its 200 day moving average price is $1.30. The company has a market capitalization of $14.18 million, a P/E ratio of -4.47 and a beta of 0.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 10.05 and a current ratio of 10.05.

Houston American Energy (NYSE:HUSA) last released its earnings results on Wednesday, August 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $0.12 million for the quarter. Houston American Energy had a negative net margin of 500.00% and a negative return on equity of 2.21%.

Houston American Energy Company Profile

Houston American Energy Corp., an independent oil and gas company, engages in the acquisition, exploration, exploitation, development, and production of natural gas, crude oil, and condensate. Its principal properties are located primarily in the Texas Permian Basin, the South American country of Colombia, and the onshore Louisiana Gulf Coast region.