Houston American Energy (NYSE:HUSA) Trading 5.5% Higher – Here’s Why

Houston American Energy Corp. (NYSE:HUSA) rose 5.5% during trading on Thursday . The company traded as high as $14.25 and last traded at $13.05. Approximately 565,214 shares were traded during mid-day trading, an increase of 40% from the average daily volume of 403,633 shares. The stock had previously closed at $12.37.

Houston American Energy Trading Up 5.5%

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 company has a market cap of $20.48 million, a price-to-earnings ratio of -40.78 and a beta of 0.39. The firm has a 50 day moving average price of $7.76 and a two-hundred day moving average price of $10.56.

Institutional Trading of Houston American Energy

Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new position in Houston American Energy during the 4th quarter worth approximately $35,000. XTX Topco Ltd boosted its stake in shares of Houston American Energy by 79.9% in the 4th quarter. XTX Topco Ltd now owns 30,809 shares of the company’s stock valued at $40,000 after purchasing an additional 13,688 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Houston American Energy by 28.2% during the fourth quarter. Geode Capital Management LLC now owns 122,249 shares of the company’s stock worth $158,000 after buying an additional 26,897 shares during the period. Finally, Atria Wealth Solutions Inc. increased its position in shares of Houston American Energy by 346.6% during the fourth quarter. Atria Wealth Solutions Inc. now owns 243,808 shares of the company’s stock worth $315,000 after buying an additional 189,214 shares during the period. 12.18% of the stock is currently owned by institutional investors.

Houston American Energy Company Profile

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.