Houston American Energy (NYSE:HUSA) Trading 8.7% Higher – Still a Buy?

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

Houston American Energy Price Performance

The firm’s 50-day moving average price is $1.21 and its two-hundred day moving average price is $1.31. The stock has a market cap of $14.94 million, a PE ratio of -4.72 and a beta of 0.48. The company has a current ratio of 10.05, a quick ratio of 10.05 and a debt-to-equity ratio of 0.01.

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

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.