Arrow Exploration’s (AXL) Speculative Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their speculative buy rating on shares of Arrow Exploration (LON:AXL) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. Canaccord Genuity Group currently has a GBX 25 price objective on the stock.

Arrow Exploration Stock Up 0.9%

Shares of AXL opened at GBX 11.10 on Wednesday. The stock’s 50-day moving average price is GBX 11.48 and its two-hundred day moving average price is GBX 14.47. Arrow Exploration has a 12 month low of GBX 10 and a 12 month high of GBX 28. The company has a market capitalization of £31.73 million, a PE ratio of 2.78 and a beta of 1.51. The company has a current ratio of 1.71, a quick ratio of 1.65 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.