Houston American Energy Corp. (NYSEAMEX: HUSA) had been beaten down from $20.90 to $1.50, then a pop came and (HUSA) ran to $3.02. Since then it continued to trickle down, finally closing at $2.23 on Wednesday.
On Thursday, Houston American Energy Corp. (HUSA) announced a small share offering at the price of $2.12, but (HUSA) didn't fall to $2.12, it dipped all the way to $1.52 before making a strong surge into close and hitting $1.96, finally closing at $1.93.
Even with the share offering (HUSA) still has a small float and if they hit oil in South America, HUSA becomes a $10 stock just like that.
We at www.monsterotc.com have a big board alert coming that we believe will pull a one day 50% gain, so visit us today and become one of our valued subscribers.
To finish up, we rate HUSA a "strong buy" and give (HUSA) a three month price target of $10, meaning a 500% gain from here.
About Monster OTC Monster OTC is an investor relations site that provides free e-newsletters and stock alerts from its web site, http://www.monsterotc.com. The company covers all sectors of the market from undervalued penny stocks to big-board bottom bouncers.
Disclaimer: Monster OTC is not a registered investment advisor. Investors are responsible for doing their own research and obtaining professional investment advice. Monster OTC does not guarantee the accurateness of information in its communications. Investors should read the full disclaimer at http://www.monsterotc.com before investing in any stock featured by the site.