There’s Something Awry at Houston American Energy Corp (AMEX:HUSA) Since Share Price Gets Ahead of Fundamentals

The stock of Houston American Energy Corp (AMEX:HUSA) last traded at $1.24, up 2.48% from the previous session.

HUSA stock price is now -17.45% away from the 50-day moving average and -26.06% away from the 200-day moving average. The market capitalization of the company currently stands at $13.53M.

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On May 04, 2012, C.K. Cooper Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $4, while ‘MLV & Co’ rates the stock as ‘Hold’

A total of 7.81% of the company’s stock is owned by insiders.

During the past 12 months, Houston American Energy Corp has had a low of $1.21 and a high of $2.81. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 11.27, and a quick ratio of 11.27. The fifty day moving average price for HUSA is $1.495 and a two-hundred day moving average price translates $1.6737 for the stock.

The latest earnings results from Houston American Energy Corp (AMEX: HUSA) was released for 2024-03-31. The net profit margin was -468.06% and return on equity was -29.69% for HUSA. The company reported revenue of $0.15 million for the quarter, compared to $0.23 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -35.65 percent.

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