Arrow Exploration (LON:AXL) Given New GBX 28 Price Target at Canaccord Genuity Group

Arrow Exploration (LON:AXL) had its price target hoisted by Canaccord Genuity Group from GBX 22 to GBX 28 in a research note issued to investors on Thursday,London Stock Exchange reports. Canaccord Genuity Group currently has a speculative buy rating on the stock.

Arrow Exploration Price Performance

Shares of AXL opened at GBX 21.25 on Thursday. Arrow Exploration has a 52 week low of GBX 10 and a 52 week high of GBX 22.55. The company has a current ratio of 1.01, a quick ratio of 1.65 and a debt-to-equity ratio of 0.34. The firm has a market cap of £60.75 million, a price-to-earnings ratio of 7.08 and a beta of 1.51. The stock has a 50 day moving average of GBX 18.33 and a 200-day moving average of GBX 14.33.

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.