Arrow Exploration (LON:AXL) Shares Down 9.3% – What’s Next?
by Michael Walen · The Markets DailyArrow Exploration Corp. (LON:AXL – Get Free Report)’s stock price was down 9.3% during trading on Wednesday . The stock traded as low as GBX 18.67 and last traded at GBX 19.50. Approximately 4,549,886 shares traded hands during trading, an increase of 428% from the average daily volume of 861,940 shares. The stock had previously closed at GBX 21.50.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group raised their price target on shares of Arrow Exploration from GBX 22 to GBX 28 and gave the stock a “speculative buy” rating in a research report on Thursday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 28.
Check Out Our Latest Report on Arrow Exploration
Arrow Exploration Price Performance
The firm has a 50 day moving average of GBX 18.33 and a 200-day moving average of GBX 14.33. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.01 and a quick ratio of 1.65. The stock has a market capitalization of £60.75 million, a P/E ratio of 7.08 and a beta of 1.51.
Arrow Exploration Company Profile
Arrow Exploration Corp. (operating in Colombia via a branch of its 100% owned subsidiary Carrao Energy SA) is a publicly-traded company with a portfolio of premier Colombian oil assets that are under-exploited, under-explored and offer high potential growth. The Company’s business plan is to expand oil production from some of Colombia’s most active basins, including the Llanos, Middle Magdalena Valley (MMV) and Putumayo Basin. The asset base is predominantly operated with high working interests, and the Brent-linked light oil pricing exposure combines with low royalties to yield attractive potential operating margins.