Arrow Exploration (LON:AXL) Shares Climb 3% – Here’s What Happened

by · The Markets Daily

Arrow Exploration Corp. (LON:AXL – Get Free Report)’s share price shot up 3% during mid-day trading on Tuesday. The company traded as high as GBX 37.37 and last traded at GBX 37.30. Approximately 958,253 shares were traded during mid-day trading, an increase of 10% from the average session volume of 873,526 shares. The stock had previously closed at GBX 36.20.

Arrow Exploration Stock Performance

The stock’s 50-day simple moving average is GBX 31.89 and its 200-day simple moving average is GBX 26.98. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.65 and a current ratio of 1.41. The firm has a market capitalization of £105.77 million, a PE ratio of 9.25 and a beta of 1.51.

Arrow Exploration Company Profile

(Get Free Report)

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.

Read More