Arrow Exploration (LON:AXL) Reaches New 52-Week High – Here’s Why

Arrow Exploration Corp. (LON:AXL) shares hit a new 52-week high on Thursday . The company traded as high as GBX 33.70 and last traded at GBX 33, with a volume of 3017249 shares. The stock had previously closed at GBX 31.75.

Analyst Ratings Changes

Separately, Canaccord Genuity Group boosted their target price on Arrow Exploration from GBX 27 to GBX 30 and gave the company a “speculative buy” rating in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 30.

Arrow Exploration Stock Up 3.9%

The stock has a market capitalization of £94.34 million, a P/E ratio of 8.25 and a beta of 1.51. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.65. The firm has a 50 day moving average of GBX 26.89 and a 200-day moving average of GBX 24.06.

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.