Arrow Exploration (LON:AXL) Given New GBX 44 Price Target at Canaccord Genuity Group

Arrow Exploration (LON:AXL) had its price target cut by Canaccord Genuity Group from GBX 50 ($0.62) to GBX 44 ($0.55) in a research report released on Friday,London Stock Exchange reports. They currently have a buy rating on the stock.

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 50 ($0.62) price target on shares of Arrow Exploration in a research note on Tuesday, December 17th.

Arrow Exploration Trading Down 0.3 %

LON AXL opened at GBX 19.85 ($0.25) on Friday. Arrow Exploration has a 12 month low of GBX 17.50 ($0.22) and a 12 month high of GBX 33.50 ($0.42). The company has a current ratio of 1.50, a quick ratio of 1.65 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of £56.74 million, a PE ratio of 676.67 and a beta of 1.51. The business’s 50-day moving average price is GBX 23.69 and its two-hundred day moving average price is GBX 26.37.

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.