Arrow Exploration (LON:AXL) Given New GBX 20 Price Target at Canaccord Genuity Group

Arrow Exploration (LON:AXL) had its price objective trimmed by Canaccord Genuity Group from GBX 21 to GBX 20 in a research note issued to investors on Wednesday morning,London Stock Exchange reports. The firm currently has a speculative buy rating on the stock.

Arrow Exploration Price Performance

Shares of AXL opened at GBX 15.30 on Wednesday. The firm has a market cap of £43.74 million, a price-to-earnings ratio of 5.10 and a beta of 1.51. The stock has a 50 day moving average of GBX 12.89 and a 200-day moving average of GBX 13. The company has a current ratio of 1.71, a quick ratio of 1.65 and a debt-to-equity ratio of 0.44. Arrow Exploration has a 52 week low of GBX 10 and a 52 week high of GBX 24.

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.