Arrow Exploration (LON:AXL) Earns “Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Arrow Exploration (LON:AXL) in a report issued on Wednesday morning, Marketbeat reports. The brokerage currently has a GBX 30 ($0.40) target price on the stock.

Arrow Exploration Trading Down 2.2%

LON AXL opened at GBX 15.65 ($0.21) on Wednesday. The company has a market cap of £56.08 million, a PE ratio of 93.24 and a beta of 1.51. The company has a current ratio of 1.71, a quick ratio of 1.65 and a debt-to-equity ratio of 0.44. Arrow Exploration has a 12 month low of GBX 14 ($0.19) and a 12 month high of GBX 33.50 ($0.45). The stock has a 50 day moving average of GBX 17.81 and a 200-day moving average of GBX 18.96.

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.