Canaccord Genuity Group Reaffirms “Buy” Rating for Arrow Exploration (LON:AXL)

Arrow Exploration (LON:AXL)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group in a research note issued to investors on Tuesday,London Stock Exchange reports. They currently have a GBX 50 ($0.63) price target on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 115.29% from the company’s previous close.

Arrow Exploration Stock Performance

Shares of LON:AXL opened at GBX 23.23 ($0.29) on Tuesday. The company has a market capitalization of £66.39 million, a price-to-earnings ratio of 676.67 and a beta of 1.51. The firm’s 50 day simple moving average is GBX 24.31 and its 200 day simple moving average is GBX 26.58. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.50 and a quick ratio of 1.65. Arrow Exploration has a fifty-two week low of GBX 16.70 ($0.21) and a fifty-two week high of GBX 33.50 ($0.42).

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. The company is headquartered in Calgary, Canada.