Arrow Exploration (LON:AXL) Shares Up 14.4% – What’s Next?

Arrow Exploration Corp. (LON:AXL)’s stock price shot up 14.4% on Friday . The stock traded as high as GBX 16.30 and last traded at GBX 16.30. 1,898,442 shares changed hands during mid-day trading, an increase of 307% from the average session volume of 466,068 shares. The stock had previously closed at GBX 14.25.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 25 price target on shares of Arrow Exploration in a report on Wednesday, November 26th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 25.

Arrow Exploration Stock Performance

The firm’s fifty day moving average is GBX 12.52 and its 200-day moving average is GBX 13.09. The company has a current ratio of 1.71, a quick ratio of 1.65 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of £44.32 million, a PE ratio of 5.17 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.