Arrow Exploration (LON:AXL) Sets New 12-Month High – What’s Next?

Arrow Exploration Corp. (LON:AXL)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 38 and last traded at GBX 37, with a volume of 925231 shares trading hands. The stock had previously closed at GBX 37.

Arrow Exploration Price Performance

The firm has a 50-day simple moving average of GBX 29.02 and a two-hundred day simple moving average of GBX 25.31. The stock has a market cap of £104.34 million, a P/E ratio of 9.12 and a beta of 1.51. The company has a current ratio of 1.41, a quick ratio of 1.65 and a debt-to-equity ratio of 0.33.

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.