Arrow Exploration (LON:AXL) Trading 0.4% Higher

Shares of Arrow Exploration Corp. (LON:AXL) were up 0.4% during trading on Tuesday . The company traded as high as GBX 28.77 ($0.38) and last traded at GBX 28.35 ($0.37). Approximately 791,871 shares changed hands during trading, a decline of 52% from the average daily volume of 1,633,753 shares. The stock had previously closed at GBX 28.25 ($0.37).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 42 ($0.55) target price on shares of Arrow Exploration in a report on Wednesday, July 10th.

Arrow Exploration Stock Up 0.9 %

The stock has a fifty day moving average price of GBX 29.86 and a 200-day moving average price of GBX 25.26. The firm has a market cap of £81.47 million, a PE ratio of 676.67 and a beta of 1.51. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.65 and a current ratio of 1.50.

About Arrow Exploration

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.