Arrow Exploration (LON:AXL) Shares Up 14.4% – Here’s Why

Arrow Exploration Corp. (LON:AXL)’s stock price was up 14.4% on Friday . The stock traded as high as GBX 16.30 and last traded at GBX 16.30. Approximately 1,898,442 shares changed hands during mid-day trading, an increase of 307% from the average daily volume of 466,068 shares. The stock had previously closed at GBX 14.25.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 25 target price 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 data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 25.

Arrow Exploration Stock Performance

The company has a current ratio of 1.71, a quick ratio of 1.65 and a debt-to-equity ratio of 0.44. The company’s 50 day moving average is GBX 12.63 and its 200-day moving average is GBX 13.04. The company has a market capitalization of £45.74 million, a P/E ratio of 5.33 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. 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.