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Houston American Energy Corp. (HUSA) Stock: Heads Or Tails?

The trading price of Houston American Energy Corp. (AMEX:HUSA) closed lower on Tuesday, June 21, closing at $5.22, -4.74% lower than its previous close.

Traders who pay close attention to intraday price movement should know that it fluctuated between $5.13 and $5.63. In examining the 52-week price action we see that the stock hit a 52-week high of $16.61 and a 52-week low of $1.07. Over the past month, the stock has gained 53.08% in value.

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Houston American Energy Corp., whose market valuation is $54.86 million at the time of this writing, is expected to release its quarterly earnings report Mar 29, 2022 – Apr 04, 2022. Investors’ optimism about the company’s current quarter earnings report is understandable.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Houston American Energy Corp. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest HUSA has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

A quick review shows that HUSA’s price is currently 2.49% off the SMA20 and 22.77% off the SMA50. The RSI metric on the 14-day chart is currently showing 50.98, and weekly volatility stands at 18.31%. When measured over the past 30 days, the indicator reaches 20.58%. Houston American Energy Corp. (AMEX:HUSA)’s beta value is currently sitting at 0.39, while the Average True Range indicator is currently displaying 0.99.

To see how Houston American Energy Corp. stock has been performing in comparison to its peers in the industry, here are the numbers: HUSA stock’s performance was -4.74% in the latest trading, and 171.88% in the past year, while APA Corporation (APA) has traded 2.88% on the day and positioned 82.08% higher than it was a year ago. Another comparable company EOG Resources Inc. (EOG) saw its stock close 5.36% higher in the most recent trading session but was up 46.68% in a year. Furthermore, Occidental Petroleum Corporation (OXY) showed an increase of 3.93% on the day while its price kept inclining at 96.17% over the past year. Also in last trading session, the S&P 500 Index has surged 2.45%, while the Dow Jones Industrial also saw a positive session, up 2.15% on the day.

An evaluation of the daily trading volume of Houston American Energy Corp. (AMEX:HUSA) indicates that the 3-month average is 8.64 million.

Currently, records show that 9.93 million of the company’s shares remain outstanding. The insiders hold 9.28% of outstanding shares, whereas institutions hold 10.30%. However, since the stock’s price has seen 265.03% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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