Arrow Exploration (LON:AXL) Stock Price Down 8.8% – Here’s Why

Arrow Exploration Corp. (LON:AXL)’s stock price was down 8.8% during trading on Friday . The stock traded as low as GBX 19 and last traded at GBX 20.70. Approximately 1,189,200 shares were traded during trading, an increase of 25% from the average daily volume of 947,665 shares. The stock had previously closed at GBX 22.70.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group increased their price target on Arrow Exploration from GBX 22 to GBX 28 and gave the company a “speculative buy” rating in a research note on Thursday, April 2nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Arrow Exploration presently has a consensus rating of “Buy” and a consensus price target of GBX 28.

Arrow Exploration Trading Down 10.8%

The company has a quick ratio of 1.65, a current ratio of 1.01 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of £57.89 million, a P/E ratio of 6.75 and a beta of 1.51. The firm’s 50-day simple moving average is GBX 19.56 and its 200 day simple moving average is GBX 14.99.

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. 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.