Arrow Exploration (LON:AXL) Trading Up 0.7% – What’s Next?

Arrow Exploration Corp. (LON:AXL) shares traded up 0.7% during mid-day trading on Thursday . The stock traded as high as GBX 22.75 and last traded at GBX 22.65. 399,507 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 1,018,920 shares. The stock had previously closed at GBX 22.50.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group boosted their target price 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. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Arrow Exploration has a consensus rating of “Buy” and a consensus target price of GBX 30.

Arrow Exploration Stock Performance

The stock’s 50 day moving average price is GBX 21.78 and its 200 day moving average price is GBX 17.04. The company has a current ratio of 1.06, a quick ratio of 1.65 and a debt-to-equity ratio of 0.37. The company has a market cap of £64.89 million, a price-to-earnings ratio of 7.31 and a beta of 1.51.

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.