Houston American Energy (NYSEAMERICAN:HUSA) Shares Up 2.3% – Should You Buy?

Houston American Energy Corporation (NYSEAMERICAN:HUSA)’s stock price was up 2.3% on Wednesday. The stock 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 daily volume of 693,362 shares. The stock had previously closed at $2.14.

Houston American Energy Stock Up 2.3%

The company’s 50-day moving average is $2.19 and its 200 day moving average is $2.19. The company has a market capitalization of $75.84 million, a PE ratio of -0.24 and a beta of 1.02. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.38 and a current ratio of 0.38.

Houston American Energy Company Profile

Houston American Energy Corp. is an independent oil and natural gas company headquartered in Houston, Texas. The company focuses on the acquisition, exploration, development and production of crude oil and natural gas properties.

Houston American Energy has historically held interests in domestic oil and gas properties, with an emphasis on the Permian Basin in Texas and New Mexico. The company has also pursued opportunities in other U.S. regions and international markets at various points in its history.

Its activities are conducted through working and non-operated interests in oil and gas projects, giving the company exposure to exploration, drilling and production operations without necessarily serving as the operator of every property.