Arrow Exploration’s (AXL) “Speculative Buy” Rating Reiterated at Canaccord Genuity Group

Arrow Exploration (LON:AXL)‘s stock had its “speculative buy” rating reaffirmed by Canaccord Genuity Group in a note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 25 target price on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 127.27% from the company’s current price.

Arrow Exploration Price Performance

Shares of LON AXL traded down GBX 0.40 during midday trading on Wednesday, reaching GBX 11. 2,232,382 shares of the company were exchanged, compared to its average volume of 823,511. The company has a quick ratio of 1.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.44. Arrow Exploration has a one year low of GBX 10 and a one year high of GBX 28. The stock has a market cap of £31.45 million, a P/E ratio of 2.75 and a beta of 1.51. The stock’s 50-day moving average price is GBX 12.04 and its 200-day moving average price is GBX 14.90.

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.