Houston American Energy (NYSE:HUSA) Shares Down 0.7%

Houston American Energy Corp. (NYSE:HUSAGet Rating) shares were down 0.7% during mid-day trading on Thursday . The stock traded as low as $3.88 and last traded at $3.97. Approximately 103,683 shares traded hands during trading, a decline of 87% from the average daily volume of 785,376 shares. The stock had previously closed at $4.00.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Houston American Energy in a report on Wednesday, October 12th. They set a “sell” rating on the stock.

Houston American Energy Stock Down 0.7 %

The company has a quick ratio of 28.17, a current ratio of 28.17 and a debt-to-equity ratio of 0.01. The firm has a 50 day simple moving average of $3.88 and a 200-day simple moving average of $4.19. The stock has a market cap of $39.42 million, a P/E ratio of -11.03 and a beta of 0.71.

Houston American Energy Company Profile

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Houston American Energy Corp., an independent oil and gas company, engages in the exploration, development, and production of natural gas, crude oil, and condensate in the United States. Its oil and gas properties are located primarily in the Texas Permian Basin, the onshore Texas and Louisiana Gulf Coast region, and in the South American country of Colombia.

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