Arrow Exploration (LON:AXL) Reaches New 52-Week Low - Should You Sell?

Key Points

• Arrow Exploration shares hit a new 52-week low at GBX 14, with a closing price of GBX 14.52, indicating significant downward pressure on the stock.
• Despite the current low, Canaccord Genuity Group maintains a "buy" rating with a target price of GBX 30, suggesting potential upside for investors.
• The company has a market capitalization of £52.03 million and operates in Colombia, focusing on expanding oil production in high-potential basins.

Arrow Exploration Corp. (LON:AXL - Get Free Report) shares reached a new 52-week low on Monday . The company traded as low as GBX 14 ($0.19) and last traded at GBX 14.52 ($0.20), with a volume of 1279164 shares. The stock had previously closed at GBX 14.58 ($0.20).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 30 ($0.40) price target on shares of Arrow Exploration in a research note on Wednesday, July 16th.

Arrow Exploration Trading Down 0.4%

The company has a current ratio of 1.71, a quick ratio of 1.65 and a debt-to-equity ratio of 0.44. The company has a market capitalization of £52.03 million, a P/E ratio of 86.51 and a beta of 1.51. The business has a 50 day moving average price of GBX 17.35 and a 200 day moving average price of GBX 17.76.

About Arrow Exploration

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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