Houston American Energy (NYSE:HUSA) Shares Scheduled to Reverse Split on Monday, June 9th

Shares of Houston American Energy Corp. (NYSE:HUSAFree Report) are going to reverse split on the morning of Monday, June 9th. The 1-10 reverse split was announced on Wednesday, May 28th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, June 6th.

Houston American Energy Stock Up 0.6%

HUSA stock opened at $0.48 on Thursday. The firm has a 50-day moving average price of $0.60 and a 200-day moving average price of $1.08. The stock has a market capitalization of $7.58 million, a P/E ratio of -1.51 and a beta of 0.39. Houston American Energy has a 12 month low of $0.39 and a 12 month high of $3.20. The company has a current ratio of 10.46, a quick ratio of 10.46 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HUSA. Jane Street Group LLC bought a new position in Houston American Energy in the 4th quarter valued at approximately $35,000. XTX Topco Ltd grew its position in shares of Houston American Energy by 79.9% during the 4th quarter. XTX Topco Ltd now owns 30,809 shares of the company’s stock worth $40,000 after buying an additional 13,688 shares during the period. Geode Capital Management LLC grew its position in shares of Houston American Energy by 28.2% during the 4th quarter. Geode Capital Management LLC now owns 122,249 shares of the company’s stock worth $158,000 after buying an additional 26,897 shares during the period. Finally, Atria Wealth Solutions Inc. grew its position in Houston American Energy by 346.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 243,808 shares of the company’s stock valued at $315,000 after purchasing an additional 189,214 shares during the period. Institutional investors own 12.18% of the company’s stock.

Houston American Energy Company Profile

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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.

Further Reading

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