Arrow Exploration (LON:AXL) Shares Down 8.6% - What's Next?

Shares of Arrow Exploration Corp. (LON:AXL - Get Free Report) dropped 8.6% on Tuesday . The stock traded as low as GBX 15.50 ($0.21) and last traded at GBX 16 ($0.21). Approximately 1,687,405 shares changed hands during trading, an increase of 96% from the average daily volume of 860,462 shares. The stock had previously closed at GBX 17.50 ($0.23).

Wall Street Analysts Forecast Growth

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

Arrow Exploration Trading Down 2.2%

The firm has a market capitalization of £56.08 million, a price-to-earnings ratio of 93.24 and a beta of 1.51. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.65 and a current ratio of 1.71. The business has a fifty day moving average price of GBX 17.82 and a 200 day moving average price of GBX 19.03.

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.