Arrow Exploration Corp. (LON:AXL – Get Free Report) shares fell 12.8% on Wednesday. The company traded as low as GBX 33.55 and last traded at GBX 34.44. Approximately 401,993 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 866,072 shares. The stock had previously closed at GBX 39.50.
Arrow Exploration Trading Down 12.8%
The stock has a market capitalization of £98.45 million, a PE ratio of 8.61 and a beta of 1.51. The stock’s 50 day moving average price is GBX 35.25 and its 200-day moving average price is GBX 25.62. The company has a quick ratio of 1.65, a current ratio of 1.41 and a debt-to-equity ratio of 0.33.
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.
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