Arrow Exploration (LON:AXL) Reaches New 12-Month Low – Should You Sell?

Arrow Exploration Corp. (LON:AXLGet Free Report) shares reached a new 52-week low during 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 changing hands. The stock had previously closed at GBX 17.48 ($0.22).

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Report on AXL

Arrow Exploration Stock Performance

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 stock has a market cap of £66.43 million, a PE ratio of 110.46 and a beta of 1.51. The company’s 50-day moving average price is GBX 20.27 and its two-hundred day moving average price is GBX 23.58.

Arrow Exploration Company Profile

(Get Free Report)

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.

Further Reading

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