Arrow Exploration (LON:AXL) Receives Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Arrow Exploration (LON:AXL) in a research note released on Wednesday morning, MarketBeat.com reports. They currently have a GBX 42 ($0.54) target price on the stock.

Arrow Exploration Stock Up 1.7 %

Shares of Arrow Exploration stock opened at GBX 29.50 ($0.38) on Wednesday. The company has a quick ratio of 1.65, a current ratio of 1.67 and a debt-to-equity ratio of 0.77. Arrow Exploration has a twelve month low of GBX 16.50 ($0.21) and a twelve month high of GBX 29.50 ($0.38). The company has a market cap of £84.33 million, a price-to-earnings ratio of 676.67 and a beta of 1.47. The company’s 50 day moving average is GBX 22.35 and its 200 day moving average is GBX 21.48.

Arrow Exploration Company Profile

Arrow Exploration Corp., a junior oil and gas company, engages in the acquisition, exploration, development, and production of oil and gas properties in Colombia and Western Canada. Arrow Exploration Corp. is headquartered in Calgary, Canada.