Arrow Exploration (LON:AXL) Sets New 12-Month Low - Should You Sell?

Arrow Exploration Corp. (LON:AXL - Get Free Report) hit a new 52-week low on Friday . The company traded as low as GBX 16 ($0.20) and last traded at GBX 16.78 ($0.21), with a volume of 2071844 shares changing hands. The stock had previously closed at GBX 18.50 ($0.24).

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 50 ($0.64) price target on shares of Arrow Exploration in a research report on Tuesday, December 17th. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 44 ($0.56) target price on shares of Arrow Exploration in a research note on Thursday, March 13th.

Arrow Exploration Stock Performance

The company has a current ratio of 1.71, a quick ratio of 1.65 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of £55.54 million, a P/E ratio of 92.35 and a beta of 1.51. The business's 50 day simple moving average is GBX 18.54 and its two-hundred day simple moving average is GBX 22.73.

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.