Houston American Energy (NYSE:HUSA) Stock Price Down 12.8% – Here’s What Happened

Houston American Energy Corp. (NYSE:HUSA)’s stock price dropped 12.8% during mid-day trading on Tuesday . The stock traded as low as $1.56 and last traded at $1.63. Approximately 897,076 shares traded hands during mid-day trading, an increase of 5% from the average daily volume of 850,745 shares. The stock had previously closed at $1.87.

Houston American Energy Price 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 has a fifty day simple moving average of $1.38 and a 200 day simple moving average of $1.29. The company has a market capitalization of $21.33 million, a PE ratio of -5.09 and a beta of 0.49.

Institutional Trading of Houston American Energy

An institutional investor recently raised its position in Houston American Energy stock. Virtu Financial LLC lifted its stake in Houston American Energy Corp. (NYSE:HUSA) by 106.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,913 shares of the company’s stock after acquiring an additional 16,489 shares during the period. Virtu Financial LLC owned 0.24% of Houston American Energy worth $35,000 at the end of the most recent quarter. Hedge funds and other 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.