Houston American Energy (HUSA +5.1%) gains on positive comments out of Canaccord, saying the...

|About: Houston American Energy Corp. (HUSA)|By:, SA News Editor

Houston American Energy (HUSA +5.1%) gains on positive comments out of Canaccord, saying the company plugged the lower portion of its Tamandua wellbore, with tests of additional zones to proceed shortly. The firm believes the well is not a failure and is cautiously optimistic that it may turn out to be a discovery in further testing. It reiterates a Speculative Buy with a $25 price target.