Arrow Exploration (LON:AXL) Sets New 12-Month High – Still a Buy?
by Scott Moore · The Cerbat GemArrow Exploration Corp. (LON:AXL – Get Free Report) shares hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 33.70 and last traded at GBX 33, with a volume of 3017249 shares trading hands. The stock had previously closed at GBX 31.75.
Analyst Ratings Changes
Separately, Canaccord Genuity Group lifted their target price on Arrow Exploration from GBX 27 to GBX 30 and gave the stock a “speculative buy” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 30.
Check Out Our Latest Research Report on Arrow Exploration
Arrow Exploration Stock Up 2.7%
The company has a current ratio of 1.41, a quick ratio of 1.65 and a debt-to-equity ratio of 0.33. The firm has a market cap of £96.91 million, a P/E ratio of 8.47 and a beta of 1.51. The company’s 50 day simple moving average is GBX 27.28 and its 200-day simple moving average is GBX 24.23.
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.