Houston American Energy (NYSE:HUSA) Trading Up 2.3% - Here's Why

Key Points

• Houston American Energy Corp. (NYSE:HUSA) experienced a stock price increase of 2.3% on Wednesday, closing at $6.80 after trading as high as $6.99.
• A total of 239,459 shares were traded, representing a 58% decline from the average daily volume of 574,223 shares.
• Institutional investors currently own 12.18% of Houston American Energy's stock, with Jane Street Group LLC acquiring a new position of 27,158 shares valued at approximately $35,000.

Houston American Energy Corp. (NYSE:HUSA - )'s stock price was up 2.3% on Wednesday . The stock traded as high as $6.99 and last traded at $6.80. Approximately 239,459 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 574,223 shares. The stock had previously closed at $6.65.

Houston American Energy Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 10.46 and a quick ratio of 10.46. The stock has a market cap of $231.99 million, a P/E ratio of -21.25 and a beta of 0.89. The stock has a 50-day simple moving average of $8.91 and a 200-day simple moving average of $8.46.

Hedge Funds Weigh In On Houston American Energy

A hedge fund recently bought a new stake in Houston American Energy stock. Jane Street Group LLC bought a new position in shares of Houston American Energy Corp. (NYSE:HUSA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 27,158 shares of the company's stock, valued at approximately $35,000. Jane Street Group LLC owned about 0.21% of Houston American Energy as of its most recent filing with the Securities & Exchange Commission. 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.

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