Arrow Exploration’s (AXL) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Arrow Exploration (LON:AXL) in a research note released on Thursday,Digital Look reports. They currently have a GBX 44 ($0.57) price target on the stock.

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 50 ($0.65) price target on shares of Arrow Exploration in a report on Tuesday, December 17th.

Arrow Exploration Stock Down 2.3 %

Shares of LON:AXL opened at GBX 17.35 ($0.22) on Thursday. Arrow Exploration has a 1 year low of GBX 17 ($0.22) and a 1 year high of GBX 33.50 ($0.43). The company has a market cap of £62.17 million, a PE ratio of 103.37 and a beta of 1.51. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.71 and a quick ratio of 1.65. The stock’s 50-day moving average is GBX 21.51 and its 200 day moving average is GBX 24.27.

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.