Arrow Exploration (LON:AXL) Trading Down 1.1% - Should You Sell?

Key Points

• Arrow Exploration Corp. shares fell by 1.1%, closing at GBX 14.83 ($0.20) with a significant drop in trading volume, down 86% from average daily levels.
• Analysts at Canaccord Genuity maintained a "buy" rating for Arrow Exploration, setting a target price of GBX 30 ($0.40).
• The company has a market cap of £52.67 million and is focused on expanding oil production in Colombia's prime basins.

Arrow Exploration Corp. (LON:AXL - Get Free Report) shares were down 1.1% on Wednesday . The company traded as low as GBX 14.83 ($0.20) and last traded at GBX 14.83 ($0.20). Approximately 112,130 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 825,258 shares. The stock had previously closed at GBX 15 ($0.20).

Wall Street Analysts Forecast Growth

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

Arrow Exploration Stock Down 1.5%

The firm has a 50 day moving average price of GBX 17.35 and a two-hundred day moving average price of GBX 17.87. The firm has a market capitalization of £52.22 million, a price-to-earnings ratio of 86.83 and a beta of 1.51. The company has a current ratio of 1.71, a quick ratio of 1.65 and a debt-to-equity ratio of 0.44.

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.