Arrow Exploration (LON:AXL) Trading Down 8.6% - Should You Sell?

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

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a "buy" rating and set a GBX 30 ($0.40) price target on shares of Arrow Exploration in a report on Wednesday.

Arrow Exploration Price 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 market capitalization of £56.93 million, a price-to-earnings ratio of 94.66 and a beta of 1.51. The stock's 50 day simple moving average is GBX 17.79 and its 200-day simple moving average is GBX 19.11.

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.