HUSA stock touches 52-week low at $0.72 amid market challenges

Houston American Energy Corp (HUSA) stock has reached a 52-week low, dipping to $0.72, with InvestingPro data showing concerning metrics including a -33.45% gross profit margin and negative EBITDA of -$2.41M. The company faces a tumultuous market environment. This latest price level reflects a significant downturn, with InvestingPro reporting a YTD decline of -41.86% and a concerning six-month return of -49.66%. Investors are closely monitoring HUSA’s performance as it navigates through the current economic headwinds. While the company maintains a strong current ratio of 23.22, suggesting solid short-term liquidity, the energy sector’s volatility and HUSA’s revenue decline of -29.45% point to ongoing challenges. Access 6 additional key ProTips and comprehensive financial analysis with InvestingPro.

In other recent news, Houston American Energy Corp. has completed the sale of its 18% membership interest in Hupecol Meta (NASDAQ:META) LLC to Andes Operating Company LLC for a nominal amount of $1.00. This transaction, finalized on February 25, 2025, included the assumption of all related liabilities by the buyer and confirms a previously disclosed impairment charge of $6,392,874 related to the investment. Additionally, Houston American Energy announced the appointment of Peter Longo as the new Chief Financial Officer. Longo, who also serves as the company’s Chief Executive Officer, brings extensive experience from his previous roles at United Technologies Corporation (NYSE:RTX) and as Chairman of Cyient, Inc.

Furthermore, Houston American Energy Corp. has entered into indemnification agreements with its directors and officers. These agreements are designed to provide additional protection against potential expenses and liabilities arising from their roles within the company. The agreements supplement existing provisions in the company’s Certificate of Incorporation and Bylaws and include the advancement of defense expenses under specific conditions. These developments reflect Houston American Energy’s strategic efforts to streamline operations and strengthen governance mechanisms. The company has filed the relevant information with the Securities and Exchange Commission as part of its ongoing regulatory disclosures.

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