Arrow Exploration (LON:AXL) Receives “Speculative Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group reiterated their speculative buy rating on shares of Arrow Exploration (LON:AXL) in a research note issued to investors on Wednesday, MarketBeat reports. The firm currently has a GBX 25 price target on the stock.

Arrow Exploration Stock Performance

LON:AXL opened at GBX 11.25 on Wednesday. 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 firm’s fifty day simple moving average is GBX 12 and its 200 day simple moving average is GBX 14.87. The stock has a market cap of £32.16 million, a P/E ratio of 2.81 and a beta of 1.51. Arrow Exploration has a twelve month low of GBX 10 and a twelve month high of GBX 28.

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.