Arrow Exploration (LON:AXL) Trading Down 4% – What’s Next?

Shares of Arrow Exploration Corp. (LON:AXL) dropped 4% on Thursday . The company traded as low as GBX 12.10 and last traded at GBX 12.87. Approximately 212,796 shares were traded during trading, a decline of 33% from the average daily volume of 315,315 shares. The stock had previously closed at GBX 13.40.

Wall Street Analysts Forecast Growth

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

Arrow Exploration Trading Up 0.8%

The stock has a market cap of £37.45 million, a price-to-earnings ratio of 4.37 and a beta of 1.51. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.71 and a quick ratio of 1.65. The company’s fifty day moving average price is GBX 12.13 and its 200-day moving average price is GBX 13.41.

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.