Arrow Exploration (LON:AXL) Trading Down 0.7% - Should You Sell?

Shares of Arrow Exploration Corp. (LON:AXL - Get Free Report) fell 0.7% during trading on Friday . The company traded as low as GBX 18.57 ($0.24) and last traded at GBX 18.86 ($0.24). 265,030 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 1,088,686 shares. The stock had previously closed at GBX 19 ($0.24).

Analyst Upgrades and Downgrades

AXL has been the topic of a number of analyst reports. Canaccord Genuity Group reduced their price objective on shares of Arrow Exploration from GBX 50 ($0.64) to GBX 44 ($0.56) and set a "buy" rating on the stock in a research note on Friday, February 7th. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 50 ($0.64) price target on shares of Arrow Exploration in a report on Tuesday, December 17th.

Arrow Exploration Price Performance

The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.65 and a current ratio of 1.71. The company has a market cap of £64.96 million, a price-to-earnings ratio of 108.01 and a beta of 1.51. The business has a fifty day moving average price of GBX 22.65 and a 200 day moving average price of GBX 25.02.

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.