Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
The latest update is out from Houston American Energy ( (HUSA) ).
On February 24, 2025, Houston American Energy Corp. announced a definitive agreement to acquire Abundia Global Impact Group, LLC (AGIG), a company specializing in converting waste into high-value fuels and chemicals. The acquisition aligns with HUSA’s strategy to diversify its portfolio and expand into the renewable energy sector. This agreement, subject to shareholder approval, will see HUSA issuing shares to acquire 100% of AGIG’s units, resulting in AGIG becoming a wholly-owned subsidiary. The acquisition supports AGIG’s plans to build an advanced plastic recycling facility in Cedar Port, Texas, which forms part of a five-year growth plan to scale its technologies for sustainable energy markets. The move is expected to bolster HUSA’s market position in the renewable energy industry, leveraging AGIG’s existing technology partnerships and industry relationships.
More about Houston American Energy
Houston American Energy Corp. (HUSA) is an independent oil and gas company engaged in the development, exploration, exploitation, acquisition, and production of natural gas and crude oil properties. Its principal properties and operations are located in the U.S. Permian Basin, the South American country of Colombia, and the Louisiana U.S. Gulf Coast region.
YTD Price Performance: -3.68%
Average Trading Volume: 1,186,018
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $20.55M
For a thorough assessment of HUSA stock, go to TipRanks’ Stock Analysis page.
