Arrow Exploration (LON:AXL) Shares Down 4.3% - Time to Sell?

Arrow Exploration Corp. (LON:AXL - Get Free Report) shares dropped 4.3% on Monday . The company traded as low as GBX 24.21 ($0.30) and last traded at GBX 24.21 ($0.30). Approximately 877,591 shares traded hands during mid-day trading, an increase of 9% from the average daily volume of 807,674 shares. The stock had previously closed at GBX 25.30 ($0.31).

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AXL shares. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 50 ($0.62) price target on shares of Arrow Exploration in a report on Tuesday, December 17th. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 50 ($0.62) 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 1.50 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average price of GBX 24.03 and a 200 day moving average price of GBX 26.79. The stock has a market cap of £67.61 million, a PE ratio of 676.67 and a beta of 1.51.

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.