Houston American Energy (NYSE:HUSA) Trading Up 2.9%

Houston American Energy Corp. (NYSE:HUSA)’s share price shot up 2.9% during mid-day trading on Tuesday . The stock traded as high as $1.08 and last traded at $1.07. 71,283 shares were traded during trading, a decline of 85% from the average session volume of 479,370 shares. The stock had previously closed at $1.04.

Houston American Energy Stock Performance

The firm has a market capitalization of $11.56 million, a price-to-earnings ratio of -3.42 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. The stock’s 50-day moving average is $1.18 and its 200-day moving average is $1.33.

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

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.