Arrow Exploration Corp. (LON:AXL - Get Free Report) shares shot up 11.1% during trading on Friday . The stock traded as high as GBX 22 ($0.30) and last traded at GBX 21.11 ($0.29). 546,064 shares were traded during trading, a decline of 38% from the average session volume of 879,027 shares. The stock had previously closed at GBX 19 ($0.26).
Analysts Set New Price Targets
Separately, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 28 ($0.38) price objective on shares of Arrow Exploration in a research note on Friday, May 30th.
Read Our Latest Stock Analysis on AXL
Arrow Exploration Stock Performance
The company has a debt-to-equity ratio of 0.44, a current ratio of 1.71 and a quick ratio of 1.65. The stock has a 50-day moving average price of GBX 16.46 and a 200-day moving average price of GBX 19.73. The company has a market capitalization of £76.14 million, a price-to-earnings ratio of 126.60 and a beta of 1.51.
About Arrow Exploration
(
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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.
See Also
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