Arrow Exploration (LON:AXL) Reaches New 12-Month Low – What’s Next?

Shares of Arrow Exploration Corp. (LON:AXL) hit a new 52-week low on Friday . The company traded as low as GBX 16 ($0.21) and last traded at GBX 16.78 ($0.22), with a volume of 2071844 shares traded. The stock had previously closed at GBX 18.50 ($0.24).

Analysts Set New Price Targets

Several research firms recently commented on AXL. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 50 ($0.64) target price on shares of Arrow Exploration in a research note on Tuesday, December 17th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 44 ($0.57) target price on shares of Arrow Exploration in a report on Thursday, March 13th.

Arrow Exploration Price Performance

The stock has a 50 day simple moving average of GBX 19.28 and a 200-day simple moving average of GBX 23.13. The company has a current ratio of 1.71, a quick ratio of 1.65 and a debt-to-equity ratio of 0.44. The firm has a market cap of £60.11 million, a PE ratio of 99.94 and a beta of 1.51.

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.