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Houston American Energy Shares Popped: What You Need to Know

By Travis Hoium – Updated Apr 6, 2017 at 9:12PM

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NYSEMKT: HUSA

Houston American Energy Corp.

Market Cap

$31M

Today's Change

(-2.21%) -$0.07

Current Price

$3.10

Price as of September 26, 2022, 4:00 p.m. ET

Is this meaningful? Or just another movement?

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Houston American Energy (AMEX: HUSA) jumped 12% briefly at the market's open this morning.

So what: Someone got an itchy finger this morning and sent shares soaring at the open. It looks like just a single trade accounted for the bounce, and shares have since settled back down, up 1.4% as of this writing.

Now what: The company had its shareholder meeting yesterday but hasn't released any news today. No reason to make a panic move today unless you were lucky enough to be the seller at the open. Sometimes strange trades happen, especially on low-volume days like today.

Interested in more info on Houston American Energy? Add it to your watchlist.

Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

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Stocks Mentioned

Houston American Energy Corp.

HUSA

$3.10 (-2.21%) $0.07

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