Oil and gas company Houston American Energy Corp. (HUSA) operates as an independent energy firm that engages in acquiring, exploring, developing, and producing natural gas, crude oil, and condensate. The company’s oil and gas properties are primarily located in the Texas Permian Basin. Texas and Louisiana Gulf Coast Region, and Colombia.
HUSA’s stock was catapulted to astronomical heights in March, seemingly due to the ‘meme-stock trade.’ The stock attained its 52-week high of $16.61 on March 7. The stock might be a sound short-term gain bet.
