Arrow Exploration (LON:AXL) Given New GBX 44 Price Target at Canaccord Genuity Group

Arrow Exploration (LON:AXL) had its target price cut by equities research analysts at Canaccord Genuity Group from GBX 50 ($0.62) to GBX 44 ($0.55) in a report released on Friday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 121.66% from the stock’s previous close.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 50 ($0.62) price objective on shares of Arrow Exploration in a research note on Tuesday, December 17th.

Arrow Exploration Trading Down 0.3 %

Shares of LON:AXL traded down GBX 0.05 ($0.00) during trading on Friday, hitting GBX 19.85 ($0.25). The company had a trading volume of 1,611,510 shares, compared to its average volume of 1,223,761. The stock has a market cap of £56.74 million, a price-to-earnings ratio of 676.67 and a beta of 1.51. Arrow Exploration has a one year low of GBX 17.50 ($0.22) and a one year high of GBX 33.50 ($0.42). The company has a fifty day simple moving average of GBX 23.76 and a two-hundred day simple moving average of GBX 26.44. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.50 and a quick ratio of 1.65.

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.