Can Buying Houston American Energy Corp (AMEX: HUSA) Still Be Worthwhile?

Houston American Energy Corp (AMEX:HUSA) does about 329.18K shares in volume on a normal day but saw 6283930 shares change hands in the recent trading day. The company now has a market cap of 16.69M USD. Its current market price is $1.53, marking an increase of 15.91% compared to the previous close of $1.32. The 52 week high reached by this stock is $2.81 whilst the lowest price level in 52 weeks is $1.14.

Houston American Energy Corp (HUSA) has a 20-day trading average at $1.2870 and the current price is -45.55% off the 52-week high compared with 34.21% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.2615 and its 200-day simple moving average is $1.5182. If we look at the stock’s price movements over the week, volatility stands at 13.45%, which decreases to 8.78% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 61.81 to suggest the stock is neutral.

2 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy.

C.K. Cooper upgraded the stock to “Buy” from Hold on May 04, 2012 at a price target of $4.

Houston American Energy Corp (HUSA) stock is up 2.00% over the week and 30.77% over the past month. Its price is -14.53% year-to-date and -33.48% over the past year.

The company has a return on investment of -33.04% and return on equity of -29.69%. The beta has a value of 0.50. Price to book ratio is 1.66 and price to sales ratio is 23.51.