Canaccord Genuity Group Reiterates Buy Rating for Arrow Exploration (LON:AXL)

Canaccord Genuity Group reiterated their buy rating on shares of Arrow Exploration (LON:AXL) in a research report sent to investors on Thursday morning,Digital Look reports. Canaccord Genuity Group currently has a GBX 44 ($0.57) target price on the stock.

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 50 ($0.65) price target on shares of Arrow Exploration in a report on Tuesday, December 17th.

Arrow Exploration Stock Performance

Shares of Arrow Exploration stock opened at GBX 17.53 ($0.23) on Thursday. Arrow Exploration has a fifty-two week low of GBX 17 ($0.22) and a fifty-two week high of GBX 33.50 ($0.43). The company has a debt-to-equity ratio of 0.44, a current ratio of 1.71 and a quick ratio of 1.65. The firm has a market capitalization of £62.82 million, a P/E ratio of 104.46 and a beta of 1.51. The company’s 50 day moving average price is GBX 21.69 and its two-hundred day moving average price is GBX 24.42.

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.