Houston American Energy (NYSE:HUSA) Stock Price Down 12.8% – Here’s Why

Houston American Energy Corp. (NYSE:HUSA) shares dropped 12.8% during mid-day trading on Tuesday . The company traded as low as $1.56 and last traded at $1.63. Approximately 897,076 shares changed hands during mid-day trading, an increase of 5% from the average daily volume of 850,745 shares. The stock had previously closed at $1.87.

Houston American Energy Price Performance

The company has a market capitalization of $21.33 million, a PE ratio of -5.09 and a beta of 0.49. The company has a quick ratio of 10.46, a current ratio of 10.46 and a debt-to-equity ratio of 0.01. The firm’s 50 day simple moving average is $1.38 and its 200 day simple moving average is $1.29.

Institutional Trading of Houston American Energy

A hedge fund recently raised its stake in Houston American Energy stock. Virtu Financial LLC boosted its stake in shares of Houston American Energy Corp. (NYSE:HUSA) by 106.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,913 shares of the company’s stock after buying an additional 16,489 shares during the quarter. Virtu Financial LLC owned approximately 0.24% of Houston American Energy worth $35,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 12.18% of the company’s stock.

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.