Arrow Exploration (LON:AXL) Shares Down 0.3% – Here’s Why

Arrow Exploration Corp. (LON:AXL)’s stock price traded down 0.3% during mid-day trading on Friday . The stock traded as low as GBX 24.50 ($0.32) and last traded at GBX 25.18 ($0.33). 881,180 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 1,477,580 shares. The stock had previously closed at GBX 25.25 ($0.33).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 42 ($0.54) target price on shares of Arrow Exploration in a research note on Wednesday, July 10th.

Arrow Exploration Price Performance

The company has a 50 day moving average of GBX 28.05 and a two-hundred day moving average of GBX 26.04. The firm has a market cap of £71.98 million, a P/E ratio of 676.67 and a beta of 1.51. The company has a quick ratio of 1.65, a current ratio of 1.50 and a debt-to-equity ratio of 0.51.

Arrow Exploration Company Profile

Arrow Exploration Corp., a junior oil and gas company, engages in the acquisition, exploration, development, and production of oil and gas properties in Colombia and Western Canada. The company is headquartered in Calgary, Canada.