Arrow Exploration (LON:AXL) Stock Price Up 1.9% – Should You Buy?

Arrow Exploration Corp. (LON:AXL)’s stock price rose 1.9% during trading on Thursday . The company traded as high as GBX 16.37 ($0.22) and last traded at GBX 16.30 ($0.22). Approximately 1,434,220 shares changed hands during trading, an increase of 62% from the average daily volume of 886,470 shares. The stock had previously closed at GBX 16 ($0.21).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group dropped their price objective on shares of Arrow Exploration from GBX 32 ($0.43) to GBX 28 ($0.38) and set a “buy” rating on the stock in a report on Thursday, May 1st.

Arrow Exploration Trading Up 1.9%

The company has a quick ratio of 1.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.44. The business’s fifty day moving average is GBX 16.75 and its 200 day moving average is GBX 20.43. The firm has a market capitalization of £58.41 million, a price-to-earnings ratio of 97.11 and a beta of 1.51.

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.