Houston American Energy (NYSEAMERICAN:HUSA) Shares Down 4.3% - What's Next?

Key Points

• Houston American Energy Corporation saw a 4.3% decline in its stock price during trading, closing at $5.36 after hitting a low of $5.31 on Thursday.
• The company has a market capitalization of $184.71 million and a low debt-to-equity ratio of 0.01, indicating strong financial positioning.
• Jane Street Group LLC increased its stake in Houston American Energy by 77.9%, highlighting growing institutional interest, as they now own about 12.18% of the stock.

Houston American Energy Corporation (NYSEAMERICAN:HUSA - )'s stock price fell 4.3% during trading on Thursday . The company traded as low as $5.31 and last traded at $5.36. 88,542 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 192,670 shares. The stock had previously closed at $5.60.

Houston American Energy Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 30.86 and a quick ratio of 30.86. The firm has a market capitalization of $184.71 million, a price-to-earnings ratio of -0.59 and a beta of 1.01. The business's fifty day simple moving average is $7.49 and its 200 day simple moving average is $8.06.

Institutional Investors Weigh In On Houston American Energy

An institutional investor recently raised its position in Houston American Energy stock. Jane Street Group LLC boosted its stake in Houston American Energy Corporation (NYSEAMERICAN:HUSA - Free Report) by 77.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,325 shares of the company's stock after purchasing an additional 21,167 shares during the quarter. Jane Street Group LLC owned about 0.31% of Houston American Energy worth $37,000 as of its most recent SEC filing. 12.18% of the stock is owned by institutional investors and hedge funds.

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.

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