Arrow Exploration (LON:AXL) Trading Down 1.5% – Here’s What Happened

Arrow Exploration Corp. (LON:AXL) shares were down 1.5% during trading on Friday . The company traded as low as GBX 16.25 ($0.22) and last traded at GBX 16.25 ($0.22). Approximately 166,106 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 945,854 shares. The stock had previously closed at GBX 16.50 ($0.22).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 44 ($0.59) price objective on shares of Arrow Exploration in a research report on Thursday, March 13th.

Arrow Exploration Stock Down 1.5 %

The company has a market capitalization of £58.23 million, a PE ratio of 96.81 and a beta of 1.51. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.65 and a current ratio of 1.71. The company’s 50-day moving average is GBX 17.63 and its 200 day moving average is GBX 21.79.

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.