Arrow Exploration (LON:AXL) Sets New 1-Year High – Here’s What Happened

Arrow Exploration Corp. (LON:AXL) hit a new 52-week high on Wednesday . The stock traded as high as GBX 24 and last traded at GBX 23.50, with a volume of 2263902 shares changing hands. The stock had previously closed at GBX 21.75.

Analyst Ratings Changes

Separately, Canaccord Genuity Group decreased their price objective on Arrow Exploration from GBX 28 to GBX 27 and set a “speculative buy” rating for the company in a report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Arrow Exploration has a consensus rating of “Buy” and a consensus target price of GBX 27.

Arrow Exploration Price Performance

The company has a market cap of £69.68 million, a P/E ratio of 7.31 and a beta of 1.51. The company has a fifty day moving average price of GBX 21.12 and a two-hundred day moving average price of GBX 16.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.65 and a current ratio of 1.06.

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.