Houston American Energy (NYSE:HUSA) Shares to Reverse Split on Monday, June 9th

Houston American Energy Corp. (NYSE:HUSA) shares are going to reverse split on Monday, June 9th. The 1-10 reverse split was announced on Wednesday, May 28th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, June 6th.

Houston American Energy Trading Up 0.6%

Houston American Energy stock opened at $0.48 on Thursday. The stock has a market cap of $7.58 million, a P/E ratio of -1.51 and a beta of 0.39. Houston American Energy has a fifty-two week low of $0.39 and a fifty-two week high of $3.20. The firm’s fifty day moving average price is $0.60 and its 200-day moving average price is $1.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 10.46 and a current ratio of 10.46.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Atria Wealth Solutions Inc. increased its stake in Houston American Energy by 346.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 243,808 shares of the company’s stock valued at $315,000 after acquiring an additional 189,214 shares during the last quarter. Jane Street Group LLC bought a new position in Houston American Energy in the fourth quarter valued at $35,000. Geode Capital Management LLC increased its stake in Houston American Energy by 28.2% in the fourth quarter. Geode Capital Management LLC now owns 122,249 shares of the company’s stock valued at $158,000 after acquiring an additional 26,897 shares during the last quarter. Finally, XTX Topco Ltd increased its stake in Houston American Energy by 79.9% in the fourth quarter. XTX Topco Ltd now owns 30,809 shares of the company’s stock valued at $40,000 after acquiring an additional 13,688 shares during the last quarter. 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.