Arrow Exploration (LON:AXL) Reaches New 52-Week Low - What's Next?

Shares of Arrow Exploration Corp. (LON:AXL - Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 16.90 ($0.22) and last traded at GBX 18.50 ($0.24), with a volume of 917511 shares traded. The stock had previously closed at GBX 17.48 ($0.23).

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AXL shares. Canaccord Genuity Group reissued a "buy" rating and set a GBX 44 ($0.57) price objective on shares of Arrow Exploration in a report on Thursday, March 13th. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 50 ($0.65) price target on shares of Arrow Exploration in a research note on Tuesday, December 17th.

Arrow Exploration Stock Performance

The company has a quick ratio of 1.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of £65.65 million, a price-to-earnings ratio of 109.16 and a beta of 1.51. The stock's 50-day simple moving average is GBX 19.95 and its 200 day simple moving average is GBX 23.45.

About Arrow Exploration

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.