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Tag: HUSA Stock

  • Houston American Energy (HUSA) Sees After-Hour Rebound

    Houston American Energy (HUSA) Sees After-Hour Rebound

    Last Friday’s after-hours session saw Houston American Energy Corp. (NYSE: HUSA) made a significant comeback, closing at $15.69 after rising 6.01%. This recovery came after a sharp intraday drop of more than 15% during regular trading hours.

    Despite the session’s volatility, the stock concluded the week with an impressive one-week gain exceeding 100%. The price stabilization appears to follow the company’s recent announcement of a direct equity placement.

    Definitive Agreement for Capital Injection

    Last week, Houston American Energy said that it has signed a Securities Purchase Agreement (SPA) for a registered direct offering with an institutional investor. The deal calls for the business to issue 223,762 shares of ordinary stock, or pre-funded warrants, at a price of $10.60 a share. The gross proceeds from this offering are estimated at approximately $2.37 million before accounting for placement agent fees and related expenses.

    The anticipated $2.1 million in net revenues will be used for basic business needs. Depending on the completion of standard closing requirements, the deal is expected to conclude on or around June 20, 2025.

    SEC Filing and Offering Details

    The shelf registration statement on Form S-3 used for this direct offering was previously submitted to and authorized by the U.S. Securities and Exchange Commission (SEC) on November 4, 2024. To provide thorough disclosure, the SEC received a final prospectus supplement and the base prospectus detailing the terms of the offering.

    Univest Securities to Facilitate Offering

    In coordination with the SPA, Houston American Energy formalized a Placement Agency Agreement with Univest Securities, LLC on June 17, 2025. Univest was appointed as the sole placement agent for the offering. A placement fee equivalent to 8.0% of the total proceeds will be paid to Univest Securities.

    Furthermore, Houston American Energy committed to paying the agent back up to $10,000 in reasonable travel and out-of-pocket legal fees. Houston American Energy is making a calculated capital move with the offering in an effort to increase its financial flexibility.

  • Stock Corrections: Houston American Energy Corp. (HUSA)’s another Rally and another Downfall

    On April 14, Houston American Energy Corp. (HUSA) saw another upsurge which was soon followed by corrections in the after hours. It seems investors are trying to make some more profits from the stock.

    During the regular session, HUS shot up by 38.46% to reach $4.86 a share. Following this, the stock fell under corrections to reach $4.55 apiece in the after hours. Thus, the stock declined by 6.38% in the after-hours session.

    There is no official news or SEC filing from the company behind the latest upsurge.

    What has been happening with HUSA?

    Last month, the Russian invasion of Ukraine and increasing sanctions against the country caused a spike in oil prices. Oil prices went well over $100 per barrel to reach near all-time highs while other gas and other energy prices also saw an uptick. This resulted in increased enthusiasm toward oil and gas companies.

    While having been a relatively unknown stock, HUSA came under the light in the oil and gas rally. In meme-like sessions, the stock exploded and went from $2 per share to as much as $16 a share in a matter of days. But the huge uptrend was then followed by corrections and profit booking caused the stock to give back most of its gains. A major contributor to this was a pullback in oil prices. Crude oil has started going down and has dropped back to below $100 a barrel while its went as high as $126 a barrel.

    What Now?

    After shedding most of its gains, HUSA has been trading around the $3 price level recently. But it seems investors are not done with the stock yet. Remaining slightly bullish, the stock once again burst out on Friday to register some big gains. But like always, the gains were then followed by corrections in the after hours.

    Source: Anadolu Agency

    In the week ending April 22, oil prices are expected to be weighed down by supply disruptions in Libya and further reductions in the Russian oil supply. Hence, it is most likely that investors wanted to make some more gains from the stock before oil prices cause its shares to plunge down. Being a small, independent oil exploration and production company, HUSA’s operating performance relies heavily on crude oil and natural gas prices.

    Conclusion

    Investors in a race for making some more profits drove HUSA up on Friday before the market situation bring in some more woes for the company. With a further hit down expected at oil prices in the ongoing week, HUSA gave some gains to investors before succumbing to corrections in the after hours.

  • Houston American Energy Corp. (HUSA) Stock Rising in Pre-Market, What’s Happening.

    Houston American Energy Corp. (HUSA) is a company focused on the exploration and production of oil and gas. The company has its properties in the Permian Basin, the Gulf Coast Region, and Louisiana. It utilizes its skill in geology, and engineering of oil and gas to seek out and assess promising drilling opportunities. It had recognized the chance that existed for small-scale energy businesses to contribute to global and domestic ventures that held the potential for noteworthy revenues and production. It was incorporated in April 2001.

    Each of the company’s exploration ventures varies in scope and consists of different types of assets, such as leasehold positions, 3-D seismic stats, lease options, working interest in leases, collaboration or restricted liability company interest, or other mineral rights.

    The price of HUSA stock during regular trading on March 4, 2022, was $1.90 with a surge of 32.8%. At last check in the pre-market, the stock further rallied by 57.36%.

    HUSA: Key Financials

    HUSA released its unaudited and consolidated financial report for the three months ended September 30, 2021. Some of the key updates are discussed below.

    Revenue

    Revenue in the three months in 2021 was $0.29 million comparable to $0.12 million in the corresponding quarter of 2020. The company observed a gain of $0.16 million in its revenue over the year.

    EPS

    Basic and diluted net loss for the three months in 2021 was $0.35 million or $0.04 comparable to $0.26 million or $0.05 in the same period in 2020. The company observed an increase in its earnings over the year.

    Conclusion

    HUSA stock downplayed by 8% in the past year as the oil companies were hit hard during the pandemic due to the recession in the global economy. Recently, the company gained momentum in its stock price in regular trading as well as pre-market. The sole reason behind the hike is the Russian-Ukrainian conflict which impacted the stock price to rise without any press release from the company.

  • 41 Stocks Making Sharp Moves in Pre Market Session

    41 Stocks Making Sharp Moves in Pre Market Session

    NanoVibronix Inc. (NASDAQ: NAOV) shares are trading down -4.55% at $1.05 at the time of writing after announcing $6.0 million private placement. Company’s 52-week ranged between $0.54 to $3.50.
    Merrimack Pharmaceuticals Inc. (MACK) stock plunged -6.93% to $6.04 in the pre-market trading. The most recent rating by JP Morgan, on October 07, 2016, is a Neutral.
    Curis Inc. (CRIS) is down more than -5.85% at $1.77 in pre-market hours Thursday December 03, 2020 after declaring that it will host Virtual Event to discuss CA-4948 clinical data. The stock had jumped over 22.88% to $1.88 in the last trading session.
    Before the trading started on December 03, 2020, Obalon Therapeutics Inc. (OBLN) is down -8.62% to reach $1.06. It has been trading in a 52-week range of $0.62 to $2.14.
    Artelo Biosciences Inc. (ARTL) grew over 7.53% at $0.7065 in pre-market trading today following announcement its appointment of drug discovery and development veteran Gregory R. Reyes, M.D., Ph.D. to the Company’s Board of Directors.
    Acorda Therapeutics Inc. (ACOR), a Biotechnology company, dropped about -3.54% at $0.79 in pre-market trading Thursday.
    Ampio Pharmaceuticals Inc. (AMPE) is up more than 6.8% at $1.1 in pre-market hours Thursday December 03, 2020 after declaring its phase I study for Inhaled Ampion advances to completing enrollment of COVID-19 patients with respiratory distress. The stock had jumped over 12.65% to $1.03 in the last trading session.
    Nxt-ID Inc. (NASDAQ: NXTD) shares are trading down -6.11% at $0.446 at the time of writing. Company’s 52-week ranged between $0.21 to $0.89.
    OrganiGram Holdings Inc. (OGI) stock moved down -2.86 percent to $1.36 in the pre-market trading. The company recently released fourth quarter 2020 results.
    InVivo Therapeutics Holdings Corp. (NVIV) gained over 14.27% at $0.7999 in pre-market trading Thursday December 03, 2020.
    HEXO Corp. (HEXO) lost over -5.98% at $1.1 in pre-market trading Thursday December 03, 2020 as the firm recently revealed that it has repositioned the UP Cannabis brand with a differentiator of 20% THC or higher in all dried flower products, every time.
    Before the trading started on December 03, 2020, Aurora Cannabis Inc. (ACB) is down -2.92% to reach $10.63. It has been trading in a 52-week range of $3.71 to $32.88.
    Before the trading started on December 03, 2020, Golar LNG Limited (GLNG) is down -6.67% to reach $8.75 after declaring that it intends to offer, issue and sell to the public 11,000,000 common shares, par value $1.00 per share, through an underwritten public offering. It has been trading in a 52-week range of $4.54 to $15.24.
    Aeterna Zentaris Inc. (AEZS) stock soared 3.1% to $0.455 in the pre-market trading. The most recent rating by Maxim Group, on July 19, 2017, is a Buy.
    Oramed Pharmaceuticals Inc. (NASDAQ: ORMP) shares are trading up 9.23% at $4.26 at the time of writing after reporting that it has screened the first patients in a global trial of its oral insulin capsule ORMD-0801 for the treatment of Nonalcoholic steatohepatitis (NASH). Company’s 52-week ranged between $2.40 to $6.05. Analysts have a consensus price target of $5.50.
    Ashford Hospitality Trust Inc. (AHT), a REIT – Hotel & Motel company, rose about 7.36% at $2.48 in pre-market trading Thursday.
    Ideanomics Inc. (IDEX) grew over 0.86% at $2.35 in pre-market trading today. The technology firm lately declared that its subsidiary, Tree Technologies Sd. Bhd., which owns the Treeletrik brand, has hired Richard Teoh as its Chief Financial Officer.
    AIkido Pharma Inc. (AIKI) is down more than -2.2% at $0.59 in pre-market hours Thursday December 03, 2020. The stock had jumped over 8.94% to $0.60 in the last trading session.
    NIO Limited (NIO), a Auto Manufacturers company, dropped about -2.21% at $46.92 in pre-market trading Thursday after providing its November 2020 delivery results.
    Genius Brands International Inc. (GNUS) is up more than 2.14% at $1.43 in pre-market hours Thursday December 03, 2020. The stock had jumped over 5.26% to $1.40 in the last trading session.
    Micro Focus International plc (MFGP) gained over 2.81% at $5.12 in pre-market trading Thursday December 03, 2020 following the publication its findings of ‘Endless Modernization’ research with Standish Group.
    Trine Acquisition Corp. (NYSE: TRNE) shares are trading up 6.44% at $14.22 at the time of writing. Company’s 52-week ranged between $9.40 to $13.94.
    Before the trading started on December 03, 2020, Borr Drilling Limited (BORR) is down -6.29% to reach $0.7625. The firm recently declared unaudited results for the three and nine months ended September 30, 2020. It has been trading in a 52-week range of $0.24 to $9.12.
    Blink Charging Co. (BLNK), a Specialty Retail company, dropped about -2.83% at $22.35 in pre-market trading Thursday.
    Boxlight Corporation (BOXL) lost over -2.53% at $1.54 in pre-market trading Thursday December 03, 2020. An education technology firm recently reported that Shaun Marklew has been appointed as Chief Technology Officer and Patrick Foley will be appointed as Chief Financial Officer on January 16, 2021.
    Before the trading started on December 03, 2020, Pyxis Tankers Inc. (PXS) is up 10.87% to reach $1.02. It has been trading in a 52-week range of $0.62 to $1.37.
    Orbital Energy Group Inc. (OEG) is down more than -3.1% at $1.25 in pre-market hours Thursday December 03, 2020 following announcement its wholly-owned transmission & distribution division, Orbital Power Services signed a Master Services Agreement with a midwestern investor-owned utility.
    Telefonica S.A. (TEF) is down more than -2.64% at $4.43 in pre-market hours Thursday December 03, 2020. The stock had jumped over 1.56% to $4.55 in the last trading session.
    Longview Acquisition Corp. (NYSE: LGVW) shares are trading up 7.86% at $15.79 at the time of writing. Company’s 52-week ranged between $9.34 to $17.99.
    UP Fintech Holding Limited (NASDAQ: TIGR) shares are trading up 3.51% at $5.61 at the time of writing. Company’s 52-week ranged between $2.03 to $7.60.
    Veru Inc. (VERU) gained over 10.39% at $3.4 in pre-market trading Thursday December 03, 2020.
    Tonix Pharmaceuticals Holding Corp. (TNXP) grew over 2.46% at $0.6414 in pre-market trading today.
    Before the trading started on December 03, 2020, Orange S.A. (ORAN) is down -5.39% to reach $12.28 after reporting that it plans to launch a conditional voluntary public takeover bid on all the shares of Orange Belgium that it does not yet own. It has been trading in a 52-week range of $9.93 to $16.08.
    Switchback Energy Acquisition Corporation (SBE) gained over 2.27% at $30.17 in pre-market trading Thursday December 03, 2020.
    Nano Dimension Ltd. (NNDM), a Computer Hardware company, rose about 4.69% at $6.7 in pre-market trading Thursday after closing the previously reported registered direct offering of 11,960,160 of the Company’s American Depositary Shares at a price of $5.00 per ADS.
    Harmony Gold Mining Company Limited (HMY) is down more than -2.42% at $4.44 in pre-market hours Thursday December 03, 2020. The stock had dropped over 0.00% to $4.55 in the last trading session.
    Waddell & Reed Financial Inc. (WDR) stock moved up 46.33 percent to $24.89 in the pre-market trading after declaring a merger agreement with Macquarie Asset Management, under which Macquarie would acquire Waddell & Reed Financial, Inc. for $1.7 Billion.
    Limelight Networks Inc. (LLNW) stock plunged -2.78% to $4.2 in the pre-market trading. The most recent rating by Goldman, on November 30, 2020, is a Neutral.
    Before the trading started on December 03, 2020, XP Inc. (XP) is down -1.88% to reach $39.65 after announcing pricing of public follow-on offering. It has been trading in a 52-week range of $15.50 to $52.94.
    CBAK Energy Technology Inc. (NASDAQ: CBAT) shares are trading up 2.75% at $7.1 at the time of writing. Company’s 52-week ranged between $0.36 to $11.40.
    Splunk Inc. (SPLK) tumbled over -20.5% at $163.69 in pre-market trading today as the firm released fiscal third quarter 2021 financial results.

  • Houston Energy Corporation [HUSA] Still In a Buy Zone after Bullish Breakout

    Houston Energy Corporation [HUSA] Still In a Buy Zone after Bullish Breakout

    Houston Energy Corporation [NYSE: HUSA] is in an interesting zone right now. It was in a breakout two days ago, and while short sellers have tried to drive the price down, overall momentum remains bullish. At the moment, downside pressure is driven by a decline in demand for oil due to the COVID-19 pandemic. However, this is temporary as the world is inching closer to a vaccine. Once there is a breakthrough, the demand for oil and gas will rise, and Houston Energy is prepared for it. In early September, the company issued a statement that showed that it was investing in anticipation of an increase in demand. Among some of the oil and minerals, developments likely to play a role in its long-term value are as below.

    Completion of the Well in Yoakum County

    There have been some excavation activities at the Yoakum County, TX. The well called the Frost #2-H has been an ongoing project that is projected to have some promising outcome. Houston Energy expects the well to go on production starting this week. The company owns about 18.6% of the working interest in that well.

    Increasing Acreage in Hockley County, TX

    Houston also owns another mining area in Hockley County, TX. Recently, the company has increased this mining block to 6,336 acres up from 5,871 with Houston Energy owning a good 20% of the block. The company is now preparing to begin drilling operations that are set to begin around September 18, 2020. According to the operators’ projections, the depth of the well-drilled here will be about 10,500′ with a lateral length of about 5,224′. These are just the projected measurement to guide the drilling process.

    When the above factors are coupled with an increase in positive sentiments in equity markets, this stock could be one of the big gainers in the remainder of 2020, and possibly all through 2021.

    About Houston Energy Corp Inc

    Houston American Energy is an exploration and mining company based in Houston Texas. It deals with oil, natural gas, and minerals exploration and mining mainly on the Permian Basin, on the onshore Gulf Coast Region in Louisiana and Texas.

    The company also has contacts and concessions allowing them to operate in the South American country of Colombia. It was incorporated back in 2001 as an oil and gas exploration company dealing with both production and non-production assets. It has since been forming partnerships with other players in the industry in a bid to spread costs and maximize returns.