Houston American Energy (NYSE:HUSA) Stock Price Down 1.9% – Should You Sell?

Houston American Energy Corp. (NYSE:HUSA)’s stock price dropped 1.9% during mid-day trading on Monday . The stock traded as low as $1.03 and last traded at $1.03. Approximately 298,200 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 847,168 shares. The stock had previously closed at $1.05.

Houston American Energy Price Performance

The company has a market capitalization of $12.91 million, a price-to-earnings ratio of -2.57 and a beta of 0.55. The business has a fifty day moving average price of $1.33 and a 200 day moving average price of $1.33. The company has a debt-to-equity ratio of 0.01, a current ratio of 10.46 and a quick ratio of 10.46.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HUSA. Virtu Financial LLC lifted its position in Houston American Energy by 106.9% in the third quarter. Virtu Financial LLC now owns 31,913 shares of the company’s stock worth $35,000 after purchasing an additional 16,489 shares during the period. Atria Wealth Solutions Inc. lifted its holdings in shares of Houston American Energy by 346.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 243,808 shares of the company’s stock valued at $315,000 after buying an additional 189,214 shares during the period. Geode Capital Management LLC grew its holdings in Houston American Energy by 28.2% during the fourth quarter. Geode Capital Management LLC now owns 122,249 shares of the company’s stock worth $158,000 after acquiring an additional 26,897 shares during the period. XTX Topco Ltd raised its position in Houston American Energy by 79.9% in the fourth quarter. XTX Topco Ltd now owns 30,809 shares of the company’s stock worth $40,000 after acquiring an additional 13,688 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Houston American Energy in the 4th quarter valued at about $35,000. 12.18% of the stock is currently owned by institutional investors.

About Houston American Energy

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.