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

Canaccord Genuity Group restated their buy rating on shares of Arrow Exploration (LON:AXL - Free Report) in a research note published on Tuesday morning,London Stock Exchange reports. They currently have a GBX 50 ($0.63) price objective on the stock.

Separately, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 50 ($0.63) price target on shares of Arrow Exploration in a research report on Tuesday.

Arrow Exploration Stock Performance

Arrow Exploration stock traded up GBX 0.73 ($0.01) during trading hours on Tuesday, hitting GBX 23.23 ($0.29). 1,576,363 shares of the stock traded hands, compared to its average volume of 1,412,299. The firm's 50 day moving average price is GBX 24.31 and its 200-day moving average price is GBX 26.58. The stock has a market capitalization of £66.39 million, a price-to-earnings ratio of 676.67 and a beta of 1.51. Arrow Exploration has a 1 year low of GBX 16.70 ($0.21) and a 1 year high of GBX 33.50 ($0.42). The company has a debt-to-equity ratio of 0.51, a current ratio of 1.50 and a quick ratio of 1.65.

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.