Houston American Energy Stock Soars (HUSA)

NEW YORK ( TheStreet) -- Shares of Houston American Energy Corporation (AMEX: HUSA) have taken a tremendous swing upward. The stock is trading at $6.67 as of 1:05 p.m. ET, 23% above Thursday's closing price of $5.42. Volume is at 1.4 million, 9.4 times the daily average of 147,800.

Houston American Energy has a market cap of $414.2 million and is part of the basic materials sector and energy industry. Shares are down 55.5% year to date as of the close of trading on Thursday.

Houston American Energy Corp. engages in the exploration, development, and production of natural gas, crude oil, and condensate. It primarily focuses on properties located in the Gulf Coast area of the United States and Colombia in South America.

TheStreet Ratings rates Houston American Energy as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and poor profit margins. You can view the full Houston American Energy Ratings Report.

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