Arrow Exploration (LON:AXL) Shares Up 14.4% – What’s Next?

Arrow Exploration Corp. (LON:AXL)’s share price rose 14.4% during mid-day trading on Friday . The company traded as high as GBX 16.30 and last traded at GBX 16.30. Approximately 1,898,442 shares were traded during trading, an increase of 307% from the average daily volume of 466,068 shares. The stock had previously closed at GBX 14.25.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 25 target price on shares of Arrow Exploration in a research report on Wednesday, November 26th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 25.

Arrow Exploration Trading Down 3.1%

The company has a market capitalization of £44.32 million, a PE ratio of 5.17 and a beta of 1.51. The company has a fifty day simple moving average of GBX 12.52 and a 200-day simple moving average of GBX 13.09. The company has a current ratio of 1.71, a quick ratio of 1.65 and a debt-to-equity ratio of 0.44.

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.