Arrow Exploration (LON:AXL) Trading Up 0.4% – What’s Next?

Shares of Arrow Exploration Corp. (LON:AXL) rose 0.4% during trading on Friday . The company traded as high as GBX 28 and last traded at GBX 27.62. Approximately 813,789 shares were traded during trading, a decline of 5% from the average session volume of 852,687 shares. The stock had previously closed at GBX 27.50.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised their target price on shares of Arrow Exploration from GBX 27 to GBX 30 and gave the stock a “speculative buy” rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Arrow Exploration has an average rating of “Buy” and an average target price of GBX 30.

Arrow Exploration Trading Up 0.4%

The business’s 50-day simple moving average is GBX 26.07 and its 200-day simple moving average is GBX 23.28. The company has a current ratio of 1.41, a quick ratio of 1.65 and a debt-to-equity ratio of 0.33. The company has a market cap of £78.95 million, a PE ratio of 27.62 and a beta of 1.51.

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.