Arrow Exploration (LON:AXL) Hits New 52-Week High – Here’s Why

Arrow Exploration Corp. (LON:AXL)’s stock price reached a new 52-week high during trading on Tuesday. The company traded as high as GBX 39.50 and last traded at GBX 37.70, with a volume of 1,287,711 shares. The stock had previously closed at GBX 37.80.

Arrow Exploration Price Performance

The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.65. The firm has a market capitalization of £116.06 million, a price-to-earnings ratio of 10.15 and a beta of 1.51. The business’s fifty day simple moving average is GBX 32.96 and its 200 day simple moving average is GBX 27.57.

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.