Arrow Exploration (LON:AXL) Trading Up 7.5% – Here’s Why

Arrow Exploration Corp. (LON:AXL) shares rose 7.5% during mid-day trading on Thursday . The company traded as high as GBX 21.48 and last traded at GBX 20.75. Approximately 2,958,705 shares traded hands during mid-day trading, an increase of 326% from the average daily volume of 695,038 shares. The stock had previously closed at GBX 19.30.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut their price objective on shares of Arrow Exploration from GBX 21 to GBX 20 and set a “speculative buy” rating on the stock in a report on Wednesday, January 28th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 20.

Arrow Exploration Stock Performance

The firm has a fifty day simple moving average of GBX 16.31 and a 200-day simple moving average of GBX 13.60. The company has a market cap of £60.03 million, a PE ratio of 7.00 and a beta of 1.51. The company has a quick ratio of 1.65, a current ratio of 1.01 and a debt-to-equity ratio of 0.34.

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.