Arrow Exploration (LON:AXL) Trading Up 0.4%

Arrow Exploration Corp. (LON:AXL) was up 0.4% during mid-day trading on Tuesday . The company traded as high as GBX 28.77 ($0.38) and last traded at GBX 28.35 ($0.37). Approximately 791,871 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 1,633,753 shares. The stock had previously closed at GBX 28.25 ($0.37).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 42 ($0.55) price objective on shares of Arrow Exploration in a research note on Wednesday, July 10th.

Arrow Exploration Stock Performance

The company has a 50 day simple moving average of GBX 29.85 and a two-hundred day simple moving average of GBX 25.28. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.65 and a current ratio of 1.50. The firm has a market cap of £81.47 million, a PE ratio of 676.67 and a beta of 1.51.

Arrow Exploration Company Profile

Arrow Exploration Corp., a junior oil and gas company, engages in the acquisition, exploration, development, and production of oil and gas properties in Colombia and Western Canada. Arrow Exploration Corp. is headquartered in Calgary, Canada.