Arrow Exploration (LON:AXL) Trading Up 1.3% – Should You Buy?

Arrow Exploration Corp. (LON:AXL) was up 1.3% during trading on Wednesday . The company traded as high as GBX 12.25 and last traded at GBX 12.15. Approximately 256,413 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 770,178 shares. The stock had previously closed at GBX 12.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 25 target price on shares of Arrow Exploration in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 25.

Arrow Exploration Trading Up 1.3%

The business’s 50-day moving average is GBX 11.32 and its two-hundred day moving average is GBX 14.05. 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 stock has a market capitalization of £34.73 million, a PE ratio of 4.05 and a beta of 1.51.

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.