Arrow Exploration (LON:AXL) Sets New 52-Week Low – Here’s What Happened

Arrow Exploration Corp. (LON:AXL)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 17.50 ($0.22) and last traded at GBX 18 ($0.23), with a volume of 1341364 shares trading hands. The stock had previously closed at GBX 18.75 ($0.24).

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AXL shares. Canaccord Genuity Group reduced their price target on shares of Arrow Exploration from GBX 50 ($0.64) to GBX 44 ($0.56) and set a “buy” rating on the stock in a research report on Friday, February 7th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 50 ($0.64) target price on shares of Arrow Exploration in a report on Tuesday, December 17th.

Arrow Exploration Trading Down 4.0 %

The firm has a fifty day moving average of GBX 22.77 and a 200 day moving average of GBX 25.11. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.65 and a current ratio of 1.71. The firm has a market capitalization of £64.50 million, a PE ratio of 107.24 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.