Arrow Exploration (LON:AXL) Trading Down 5.8% – Here’s What Happened

Arrow Exploration Corp. (LON:AXL)’s stock price traded down 5.8% during mid-day trading on Tuesday . The company traded as low as GBX 26 and last traded at GBX 26. Approximately 396,291 shares traded hands during trading, a decline of 61% from the average daily volume of 1,015,258 shares. The stock had previously closed at GBX 27.60.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their price objective on shares of Arrow Exploration from GBX 27 to GBX 30 and gave the stock a “speculative buy” rating in a research report on Tuesday, May 26th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 30.

Arrow Exploration Trading Up 0.2%

The firm has a fifty day moving average of GBX 24.26 and a 200 day moving average of GBX 19.33. The firm has a market capitalization of £72.32 million, a PE ratio of 25.30 and a beta of 1.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.65 and a current ratio of 1.16.

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. The asset base is predominantly operated with high working interests, and the Brent-linked light oil pricing exposure combines with low royalties to yield attractive potential operating margins.