Arrow Exploration (LON:AXL) Trading Up 1.9% - Here's Why

Arrow Exploration Corp. (LON:AXL - Get Free Report)'s stock price shot up 1.9% on Thursday . The stock traded as high as GBX 16.37 ($0.22) and last traded at GBX 16.30 ($0.22). 1,434,220 shares traded hands during mid-day trading, an increase of 62% from the average session volume of 886,470 shares. The stock had previously closed at GBX 16 ($0.22).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group cut their price target on shares of Arrow Exploration from GBX 32 ($0.43) to GBX 28 ($0.38) and set a "buy" rating for the company in a report on Thursday, May 1st.

Arrow Exploration Price Performance

The stock has a 50-day simple moving average of GBX 16.69 and a 200 day simple moving average of GBX 20.20. The company has a market cap of £61.27 million, a PE ratio of 101.88 and a beta of 1.51. 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

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.