Arrow Exploration (LON:AXL) Stock Price Down 10.4% - What's Next?

Shares of Arrow Exploration Corp. (LON:AXL - Get Free Report) dropped 10.4% during mid-day trading on Wednesday . The stock traded as low as GBX 19.50 ($0.24) and last traded at GBX 20.38 ($0.25). Approximately 3,203,982 shares were traded during mid-day trading, an increase of 239% from the average daily volume of 946,307 shares. The stock had previously closed at GBX 22.75 ($0.28).

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on AXL shares. Canaccord Genuity Group cut their price target on shares of Arrow Exploration from GBX 50 ($0.62) to GBX 44 ($0.55) and set a "buy" rating on the stock in a research note on Friday. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 50 ($0.62) price target on shares of Arrow Exploration in a report on Tuesday, December 17th.

Arrow Exploration Price Performance

The company has a market capitalization of £56.74 million, a PE ratio of 676.67 and a beta of 1.51. The company has a current ratio of 1.50, a quick ratio of 1.65 and a debt-to-equity ratio of 0.51. The stock has a fifty day simple moving average of GBX 23.69 and a 200-day simple moving average of GBX 26.37.

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.