With 1.91M Outstanding Shares, Can Houston American Energy Corp (AMEX: HUSA) Deliver Big Short-Term Gains?

Houston American Energy Corp (AMEX:HUSA) currently has a daily average trading volume of 1.38M but it saw 370436 shares traded in last market. With a market cap of 17.98M USD, the company’s current market price of $9.42 came falling about -8.54 while comparing to the previous closing price of $10.3. In past 52 weeks, the stock remained buoying in the range of price level as high as $32.00 and as low as $3.85. In the recent trading on the day, stock has struck highest price mark of $9.1 while lowest mark touched by it was $10.095.

C.K. Cooper upgraded its recommendation for the stock as a “Buy” from “Hold” on May 04, 2012 while assigning a price target of $4.

Over the week, HUSA’s stock price is moving -27.82% down while it is 96.25% when we observe its performance for the past one month. Year-to-date it is -25.24% down and over the past year, the stock is showing a downside performance of -26.98%.

The company is expected to be releasing its next quarterly report on 2012-Nov-10, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Houston American Energy Corp’s total number of outstanding shares is 1.91M with 13.12% of that held by the insiders while 10.29% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -131.76% and return on equity (ROE) at -108.38%. Stock’s beta reads 0.81. Stock has a price to book (P/B) ratio of 2.11 while price to sale or P/S ratio amounts to 35.25. Its return on asset (ROA) is -104.58% on average.

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