Arrow Exploration Corp. (LON:AXL – Get 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
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.
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