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

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

Analyst Ratings Changes

Separately, Canaccord Genuity Group increased 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 note on Tuesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 30.

Arrow Exploration Stock Up 0.9%

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. The firm’s fifty day simple moving average is GBX 21.78 and its 200 day simple moving average is GBX 17.04.

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.