Arrow Exploration (LON:AXL) Trading Up 7.5% – Here’s What Happened

Shares of Arrow Exploration Corp. (LON:AXL) traded up 7.5% on Thursday . The stock traded as high as GBX 21.48 and last traded at GBX 20.75. 2,958,705 shares changed hands during mid-day trading, an increase of 326% from the average session volume of 695,038 shares. The stock had previously closed at GBX 19.30.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their price target on Arrow Exploration from GBX 21 to GBX 20 and set a “speculative buy” rating for the company in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Arrow Exploration has an average rating of “Buy” and an average target price of GBX 20.

Arrow Exploration Trading Up 7.5%

The company has a market cap of £59.32 million, a price-to-earnings ratio of 6.92 and a beta of 1.51. The company’s 50 day moving average price is GBX 16.16 and its 200 day moving average price is GBX 13.56. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.65 and a current ratio of 1.01.

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.