Arrow Exploration (LON:AXL) Sets New 12-Month High – Here’s What Happened

Shares of Arrow Exploration Corp. (LON:AXL) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 36.90 and last traded at GBX 34.50, with a volume of 936459 shares traded. The stock had previously closed at GBX 36.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group upped their price objective on Arrow Exploration from GBX 27 to GBX 30 and gave the company 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, the stock has an average rating of “Buy” and a consensus target price of GBX 30.

Arrow Exploration Stock Down 4.2%

The company has a quick ratio of 1.65, a current ratio of 1.41 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average of GBX 27.73 and a two-hundred day moving average of GBX 24.55. The firm has a market capitalization of £98.62 million, a price-to-earnings ratio of 8.62 and a beta of 1.51.

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.