Arrow Exploration (LON:AXL) Stock Price Down 10.4% – Time to Sell?

Arrow Exploration Corp. (LON:AXL) shares were down 10.4% on Wednesday . The company traded as low as GBX 19.50 ($0.24) and last traded at GBX 20.38 ($0.25). Approximately 3,203,982 shares were traded during mid-day trading, an increase of 239% from the average daily volume of 946,307 shares. The stock had previously closed at GBX 22.75 ($0.28).

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AXL. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 50 ($0.62) price target on shares of Arrow Exploration in a research report on Tuesday, December 17th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 50 ($0.62) target price on shares of Arrow Exploration in a research note on Tuesday, December 17th.

Arrow Exploration Price Performance

The company has a market capitalization of £57.17 million, a PE ratio of 676.67 and a beta of 1.51. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.65 and a current ratio of 1.50. The stock has a 50 day moving average price of GBX 23.93 and a two-hundred day moving average price of GBX 26.54.

Arrow Exploration Company Profile

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.