Arrow Exploration (LON:AXL) Reaches New 12-Month High at $29.50

Arrow Exploration Corp. (LON:AXL)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 29.50 ($0.38) and last traded at GBX 29.45 ($0.38), with a volume of 580824 shares traded. The stock had previously closed at GBX 28.50 ($0.37).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 42 ($0.54) price target on shares of Arrow Exploration in a report on Wednesday, July 10th.

Arrow Exploration Price Performance

The company has a current ratio of 1.67, a quick ratio of 1.65 and a debt-to-equity ratio of 0.77. The business has a 50-day moving average price of GBX 23.03 and a two-hundred day moving average price of GBX 21.79. The firm has a market capitalization of £84.19 million, a price-to-earnings ratio of 676.67 and a beta of 1.47.

About Arrow Exploration

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.