Houston American Energy surges 21.02% on unexplained trading activity

On June 16, 2025, Houston American Energy surged by 21.02% in pre-market trading, marking a significant rise in its stock price.

Houston American Energy Corp. has released a statement addressing unusual trading activity observed in its common stock on June 12 and June 13, 2025. The company, which operates primarily in the U.S. Permian Basin and Louisiana Gulf Coast region, confirmed that there have been no undisclosed material developments in its business operations that could explain the unusual market behavior.

The company has conducted inquiries in compliance with NYSE rules and stated that it cannot determine if corrective actions are necessary at this time. This disclosure aims to inform investors that recent trading patterns are not driven by any undisclosed company-specific news or events. The unusual activity may be driven by external factors such as market speculation or sector rotation, unrelated to HUSA's fundamental business performance.

Houston American Energy Corp. reiterates its focus on oil and gas operations, maintaining business continuity amid market fluctuations. The company assures investors that there are no hidden catalysts behind the recent stock movements, providing essential information for proper market evaluation.