Canaccord Genuity Group Reiterates Buy Rating for Arrow Exploration (LON:AXL)

Arrow Exploration (LON:AXL)‘s stock had its “buy” rating reiterated by stock analysts at Canaccord Genuity Group in a report issued on Wednesday, LSE.Co.UK reports. They currently have a GBX 42 ($0.54) target price on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 44.83% from the stock’s previous close.

Arrow Exploration Price Performance

AXL traded down GBX 0.25 ($0.00) during trading on Wednesday, reaching GBX 29 ($0.37). The stock had a trading volume of 477,802 shares, compared to its average volume of 1,919,779. The stock has a 50 day moving average of GBX 22.18 and a two-hundred day moving average of GBX 21.43. The company has a quick ratio of 1.65, a current ratio of 1.67 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of £82.90 million, a price-to-earnings ratio of 676.67 and a beta of 1.47. Arrow Exploration has a 1-year low of GBX 16.50 ($0.21) and a 1-year high of GBX 29.50 ($0.38).

Arrow Exploration Company Profile

Arrow Exploration Corp., a junior oil and gas company, engages in the acquisition, exploration, development, and production of oil and gas properties in Colombia and Western Canada. Arrow Exploration Corp. is headquartered in Calgary, Canada.