Arrow Exploration (LON:AXL) Trading Down 0.7% – Here’s Why

Arrow Exploration Corp. (LON:AXL)’s stock price fell 0.7% during mid-day trading on Friday . The company traded as low as GBX 18.57 ($0.23) and last traded at GBX 18.86 ($0.24). 265,030 shares traded hands during trading, a decline of 76% from the average session volume of 1,088,686 shares. The stock had previously closed at GBX 19 ($0.24).

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AXL shares. Canaccord Genuity Group cut their target price on Arrow Exploration from GBX 50 ($0.63) to GBX 44 ($0.55) and set a “buy” rating on the stock in a research note on Friday, February 7th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 50 ($0.63) price target on shares of Arrow Exploration in a research note on Tuesday, December 17th.

Arrow Exploration Stock Performance

The company has a market capitalization of £67.58 million, a PE ratio of 112.36 and a beta of 1.51. The company has a current ratio of 1.71, a quick ratio of 1.65 and a debt-to-equity ratio of 0.44. The business’s fifty day moving average is GBX 22.87 and its two-hundred day moving average is GBX 25.25.

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.