Arrow Exploration (LON:AXL) Hits New 52-Week Low – What’s Next?

Arrow Exploration Corp. (LON:AXL) shares hit a new 52-week low on Tuesday . The company traded as low as GBX 16.90 ($0.22) and last traded at GBX 18.50 ($0.24), with a volume of 917511 shares. The stock had previously closed at GBX 17.48 ($0.23).

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AXL. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 44 ($0.57) price objective on shares of Arrow Exploration in a research note on Thursday, March 13th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 50 ($0.65) target price on shares of Arrow Exploration in a research report on Tuesday, December 17th.

Arrow Exploration Stock Up 5.9 %

The business’s 50-day moving average price is GBX 20.59 and its 200-day moving average price is GBX 23.69. The firm has a market capitalization of £66.29 million, a PE ratio of 110.22 and a beta of 1.51. The company has a quick ratio of 1.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.44.

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.