HUSA Stock Summary and Trading Ideas (Houston American Energy | AMEX:HUSA)

Houston American Energy Corp is an independent oil and gas company focused on the development, exploration, exploitation, acquisition, and production of natural gas and crude oil properties. Its properties, and operations, are in the U.S. Permian Basin, the U.S. Gulf Coast region, particularly Texas and Louisiana, and the South American country of Colombia. The company's exploration and development projects are focused on existing property interests, and future acquisition of additional property interests, in the Texas Permian Basin, the onshore Texas and Louisiana Gulf Coast region, and the South American country of Colombia. The Company majorly has operations in two geographical areas, the United States and Colombia.

Houston American Energy trades on the AMEX stock market under the symbol HUSA.

As of April 19, 2024, HUSA stock price climbed to $1.78 with 486,261 million shares trading.

HUSA has a beta of 0.08, meaning it tends to be less sensitive to market movements. HUSA has a correlation of 0.00 to the broad based SPY ETF.

HUSA has a market cap of $19.41 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, HUSA stock traded as high as $16.61 and as low as $1.07.

The top ETF exchange traded funds that HUSA belongs to (by Net Assets): VTI, VXF.

HUSA stock has underperformed the market in the last year with a return of -30.7%, while SPY returned +22.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in HUSA shares. However, HUSA has outperformed the market in the last 3 month and 2 week periods, returning +9.2% and +10.6%, while SPY returned +5.1% and -2.7%, respectively. This indicates HUSA has been having a stronger performance recently.

HUSA support price is $1.55 and resistance is $1.79 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HUSA stock will trade within this expected range on the day.