Arrow Exploration (LON:AXL) Stock Price Up 0.4% – Still a Buy?

Arrow Exploration Corp. (LON:AXL) rose 0.4% on Friday . The stock traded as high as GBX 28 and last traded at GBX 27.62. Approximately 813,789 shares were traded during trading, a decline of 5% from the average daily volume of 852,687 shares. The stock had previously closed at GBX 27.50.

Analyst Ratings Changes

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

Arrow Exploration Stock Up 0.4%

The business’s 50 day simple moving average is GBX 26.07 and its 200 day simple moving average is GBX 23.28. The company has a current ratio of 1.41, a quick ratio of 1.65 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of £78.95 million, a PE ratio of 27.62 and a beta of 1.51.

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. 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.