Arrow Exploration (LON:AXL) Reaches New 12-Month High – Time to Buy?

Arrow Exploration Corp. (LON:AXL) hit a new 52-week high on Tuesday . The company traded as high as GBX 38 and last traded at GBX 37, with a volume of 925231 shares trading hands. The stock had previously closed at GBX 37.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted their price target on shares of Arrow Exploration from GBX 27 to GBX 30 and gave the stock a “speculative buy” rating in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 30.

Arrow Exploration Stock Performance

The stock has a market cap of £105.77 million, a P/E ratio of 9.25 and a beta of 1.51. The firm’s 50-day moving average is GBX 28.57 and its two-hundred day moving average is GBX 25.05. The company has a quick ratio of 1.65, a current ratio of 1.41 and a debt-to-equity ratio of 0.33.

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. The asset base is predominantly operated with high working interests, and the Brent-linked light oil pricing exposure combines with low royalties to yield attractive potential operating margins.