Canaccord Genuity Group reissued their buy rating on shares of Arrow Exploration (LON:AXL - Free Report) in a research report released on Wednesday morning, MarketBeat reports. The firm currently has a GBX 30 ($0.40) price objective on the stock.
Arrow Exploration Stock Performance
AXL traded down GBX 0.35 ($0.00) during trading on Wednesday, hitting GBX 15.65 ($0.21). 833,081 shares of the stock were exchanged, compared to its average volume of 861,215. The firm has a market capitalization of £56.08 million, a P/E ratio of 93.24 and a beta of 1.51. Arrow Exploration has a 1-year low of GBX 14 ($0.19) and a 1-year high of GBX 33.50 ($0.45). The stock has a fifty day moving average price of GBX 17.81 and a two-hundred day moving average price of GBX 18.96. The company has a quick ratio of 1.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.44.
Arrow Exploration Company Profile
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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.
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