Houston American Energy (NYSE:HUSA) Trading 1.7% Higher

Houston American Energy Corp. (NYSE:HUSA)’s stock price traded up 1.7% during mid-day trading on Thursday . The stock traded as high as $1.21 and last traded at $1.20. 87,081 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 399,402 shares. The stock had previously closed at $1.18.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Houston American Energy to a “sell” rating in a research report on Tuesday, March 26th.

Houston American Energy Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 11.27 and a quick ratio of 11.27. The firm has a market capitalization of $13.09 million, a P/E ratio of -3.87 and a beta of 0.50. The firm’s 50 day simple moving average is $1.32 and its two-hundred day simple moving average is $1.47.

About Houston American Energy

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