Arrow Exploration (LON:AXL) Stock Price Down 9.6% – What’s Next?

Arrow Exploration Corp. (LON:AXL)’s stock price traded down 9.6% during mid-day trading on Monday . The stock traded as low as GBX 23.95 ($0.30) and last traded at GBX 23.95 ($0.30). 2,396,552 shares changed hands during trading, an increase of 69% from the average session volume of 1,417,964 shares. The stock had previously closed at GBX 26.50 ($0.33).

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 50 ($0.62) price objective on shares of Arrow Exploration in a research note on Tuesday, December 17th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 50 ($0.62) price target on shares of Arrow Exploration in a research note on Tuesday, December 17th.

Arrow Exploration Stock Performance

The stock has a market capitalization of £68.46 million, a P/E ratio of 676.67 and a beta of 1.51. The company has a quick ratio of 1.65, a current ratio of 1.50 and a debt-to-equity ratio of 0.51. The stock has a 50 day simple moving average of GBX 23.68 and a two-hundred day simple moving average of GBX 26.92.

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.