Arrow Exploration's (AXL) "Buy" Rating Reiterated at Canaccord Genuity Group

Arrow Exploration (LON:AXL - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Canaccord Genuity Group in a research report issued on Thursday,Digital Look reports. They currently have a GBX 44 ($0.57) target price on the stock. Canaccord Genuity Group's price target indicates a potential upside of 147.47% from the company's previous close.

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 50 ($0.65) target price on shares of Arrow Exploration in a research report on Tuesday, December 17th.

Arrow Exploration Stock Up 2.5 %

LON:AXL traded up GBX 0.43 ($0.01) during trading hours on Thursday, reaching GBX 17.78 ($0.23). 792,827 shares of the stock were exchanged, compared to its average volume of 1,051,204. The stock has a market cap of £63.71 million, a PE ratio of 105.93 and a beta of 1.51. Arrow Exploration has a twelve month low of GBX 17 ($0.22) and a twelve month high of GBX 33.50 ($0.44). The firm has a 50 day moving average of GBX 21.36 and a 200 day moving average of GBX 24.11. 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.