Houston American Energy (NYSE:HUSA) Trading 2.6% Higher – Time to Buy?

Shares of Houston American Energy Corp. (NYSE:HUSA) were up 2.6% during mid-day trading on Monday . The stock traded as high as $0.68 and last traded at $0.67. Approximately 119,102 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 732,760 shares. The stock had previously closed at $0.65.

Houston American Energy Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 10.46 and a current ratio of 10.46. The firm’s 50 day moving average is $0.66 and its 200-day moving average is $1.12. The firm has a market cap of $10.46 million, a price-to-earnings ratio of -2.08 and a beta of 0.41.

Institutional Investors Weigh In On Houston American Energy

Several institutional investors and hedge funds have recently modified their holdings of HUSA. Atria Wealth Solutions Inc. lifted its position in Houston American Energy by 346.6% during the 4th quarter. Atria Wealth Solutions Inc. now owns 243,808 shares of the company’s stock worth $315,000 after acquiring an additional 189,214 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Houston American Energy during the 4th quarter worth about $35,000. Geode Capital Management LLC increased its holdings in shares of Houston American Energy by 28.2% during the 4th quarter. Geode Capital Management LLC now owns 122,249 shares of the company’s stock worth $158,000 after purchasing an additional 26,897 shares during the period. Finally, XTX Topco Ltd increased its holdings in shares of Houston American Energy by 79.9% during the 4th quarter. XTX Topco Ltd now owns 30,809 shares of the company’s stock worth $40,000 after purchasing an additional 13,688 shares during the period. Institutional investors and hedge funds 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.