Arrow Exploration (LON:AXL) Trading Down 5.8% – Here’s What Happened

Shares of Arrow Exploration Corp. (LON:AXL) fell 5.8% during trading on Tuesday . The company traded as low as GBX 26 and last traded at GBX 26. 396,291 shares changed hands during trading, a decline of 61% from the average session volume of 1,015,258 shares. The stock had previously closed at GBX 27.60.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lifted their target price on shares of Arrow Exploration from GBX 27 to GBX 30 and gave the stock a “speculative buy” rating in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Arrow Exploration has a consensus rating of “Buy” and an average price target of GBX 30.

Arrow Exploration Stock Performance

The firm’s 50 day simple moving average is GBX 24.22 and its 200-day simple moving average is GBX 19.24. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.65 and a current ratio of 1.16. The company has a market capitalization of £74.32 million, a price-to-earnings ratio of 26.00 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. The asset base is predominantly operated with high working interests, and the Brent-linked light oil pricing exposure combines with low royalties to yield attractive potential operating margins.