Arrow Exploration (LON:AXL) Sets New 52-Week Low - Here's What Happened

Arrow Exploration Corp. (LON:AXL - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 17.50 ($0.23) and last traded at GBX 18 ($0.23), with a volume of 1341364 shares. The stock had previously closed at GBX 18.75 ($0.24).

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AXL shares. 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. Canaccord Genuity Group lowered their price target on shares of Arrow Exploration from GBX 50 ($0.65) to GBX 44 ($0.57) and set a "buy" rating for the company in a report on Friday, February 7th.

Arrow Exploration Stock Down 1.4 %

The firm's fifty day moving average price is GBX 22.41 and its 200-day moving average price is GBX 24.92. The company has a market capitalization of £62.71 million, a price-to-earnings ratio of 104.26 and a beta of 1.51. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.71 and a quick ratio of 1.65.

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.