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

Arrow Exploration Corp. (LON:AXL) shares reached a new 52-week high during trading 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.

Analysts Set New Price Targets

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

Arrow Exploration Price Performance

The company has a market cap of £67.18 million, a price-to-earnings ratio of 7.31 and a beta of 1.51. The company’s 50 day moving average price is GBX 20.88 and its 200 day moving average price is GBX 16.11. The company has a current ratio of 1.06, a quick ratio of 1.65 and a debt-to-equity ratio of 0.37.

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.