Arrow Exploration (LON:AXL) Trading Down 0.3% - What's Next?

Arrow Exploration Corp. (LON:AXL - Get Free Report)'s stock price was down 0.3% during mid-day trading on Friday . The stock traded as low as GBX 17.16 ($0.23) and last traded at GBX 18.19 ($0.25). Approximately 1,024,803 shares were traded during mid-day trading, an increase of 17% from the average daily volume of 875,435 shares. The stock had previously closed at GBX 18.25 ($0.25).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 28 ($0.38) price target on shares of Arrow Exploration in a research report on Friday, May 30th.

Arrow Exploration Trading Down 2.8%

The company has a market capitalization of £62.71 million, a price-to-earnings ratio of 104.26 and a beta of 1.51. The company has a 50-day moving average price of GBX 17.58 and a 200-day moving average price of GBX 19.43. The company has a quick ratio of 1.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.44.

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.