Arrow Exploration (OTCMKTS:CSTPF) Shares Down 4.6% – Here’s Why
by Jessica Moore · The Cerbat GemArrow Exploration Corp. (OTCMKTS:CSTPF – Get Free Report)’s stock price fell 4.6% on Monday. The stock traded as low as C$0.54 and last traded at C$0.54. 15,000 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 95,318 shares. The stock had previously closed at C$0.57.
Arrow Exploration Trading Up 1.9%
The stock’s fifty day moving average is C$0.47 and its two-hundred day moving average is C$0.35.
About Arrow Exploration
Arrow Exploration Corp. is an oil and gas exploration and production company focused on developing hydrocarbon assets in Colombia. The company’s activities include drilling, evaluating, completing and producing oil and natural gas wells, with an emphasis on increasing production from its existing asset base and identifying additional development opportunities.
Arrow’s Colombian operations are concentrated in the Llanos Basin, one of the country’s principal hydrocarbon-producing regions.