Magnum Hunter Resources Corp (NYSE:MHR)’s shares are down by 5.01%, Houston American Energy Corp. (NYSEMKT:HUSA)

Posted by admin May 14, 2013 0 Comment 1068 views

Magnum Hunter Resources Corp (NYSE:MHR)’s shares are down by 5.01% and closed at $3.22. It is now ` company revealing the profit generating ability of the company from the money invested by the stockholders is -29.44%, this reflects that the company so far is not successful in generating positive return on the shareholders equity. The short float on the total floated shares is close to 23.31% and the short ratio is 7.09.

Hagens Berman Sobol Shapiro is investigating claims made against Magnum Hunter, and reminded the investors that 42 days is remaining until the June 24, deadline in order to move to be a lead plaintiff. The investors who bought the shares of the company between May 3 and April 16 had suffered significant losses and these investors are encouraged to contact Hagens Berman Sobol.

The company has announced on April 16, that it dismissed PwC its auditor.

Houston American Energy Corp. (NYSEMKT:HUSA), shares declined by 5.55% to close at $0.240 with about 3.12 million shares. The stock is trading above all its key short term indicators giving a bullish trend for the stock. The performance of the stock over the past 5 trading session has been positive of about 33.68% with a volatility of about 12.37% during the same period. To get further clue on the future performance on the stock we can look into the insider ownership and institutional ownership which is about 15.33% and 22.80% respectively, this big level of holding gives us a bullish trend for the stock’s performance for the coming periods.

The company announced the successful recompletion and the initial test results from the Crown Paper #1.

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