Houston American Energy (NYSE:HUSA) Trading Down 1.9% – Time to Sell?

Houston American Energy Corp. (NYSE:HUSA)’s share price traded down 1.9% during trading on Monday . The stock traded as low as $1.03 and last traded at $1.03. 298,200 shares changed hands during trading, a decline of 65% from the average session volume of 847,168 shares. The stock had previously closed at $1.05.

Houston American Energy Stock Performance

The company has a current ratio of 10.46, a quick ratio of 10.46 and a debt-to-equity ratio of 0.01. The company has a market cap of $16.16 million, a price-to-earnings ratio of -3.22 and a beta of 0.55. The stock has a 50 day moving average price of $1.34 and a two-hundred day moving average price of $1.33.

Hedge Funds Weigh In On Houston American Energy

Hedge funds have recently added to or reduced their stakes in the stock. Atria Wealth Solutions Inc. raised its holdings in Houston American Energy by 346.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 243,808 shares of the company’s stock worth $315,000 after purchasing an additional 189,214 shares during the period. Geode Capital Management LLC increased its position in shares of Houston American Energy by 28.2% in the 4th quarter. Geode Capital Management LLC now owns 122,249 shares of the company’s stock valued at $158,000 after buying an additional 26,897 shares in the last quarter. Virtu Financial LLC raised its stake in Houston American Energy by 106.9% during the 3rd quarter. Virtu Financial LLC now owns 31,913 shares of the company’s stock worth $35,000 after buying an additional 16,489 shares during the period. XTX Topco Ltd lifted its holdings in Houston American Energy by 79.9% during the fourth quarter. XTX Topco Ltd now owns 30,809 shares of the company’s stock worth $40,000 after acquiring an additional 13,688 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Houston American Energy during the fourth quarter worth about $35,000. 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.