Arrow Exploration (LON:AXL) Reaches New 52-Week High – What’s Next?

Arrow Exploration Corp. (LON:AXL) shares hit a new 52-week high during mid-day trading on Monday. The stock traded as high as GBX 43 and last traded at GBX 40.35, with a volume of 1,352,619 shares traded. The stock had previously closed at GBX 42.27.

Arrow Exploration Trading Down 4.6%

The company’s 50 day moving average price is GBX 33.56 and its 200 day moving average price is GBX 27.86. 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 market cap of £115.35 million, a PE ratio of 10.09 and a beta of 1.51.

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.