Arrow Exploration (LON:AXL) Reaches New 1-Year Low – Here’s Why

Arrow Exploration Corp. (LON:AXL) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 16.90 ($0.22) and last traded at GBX 18.50 ($0.24), with a volume of 917511 shares. The stock had previously closed at GBX 17.48 ($0.22).

Wall Street Analysts Forecast Growth

AXL has been the topic of a number of recent analyst reports. Canaccord Genuity Group reissued a “buy” rating and set a GBX 44 ($0.57) price target on shares of Arrow Exploration in a research report on Thursday, March 13th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 50 ($0.64) target price on shares of Arrow Exploration in a research report on Tuesday, December 17th.

Arrow Exploration Stock Performance

The company has a 50-day moving average price of GBX 20.27 and a two-hundred day moving average price of GBX 23.58. The company has a quick ratio of 1.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.44. The company has a market capitalization of £66.43 million, a PE ratio of 110.46 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.