Arrow Exploration (LON:AXL) Shares Down 0.3% - Here's Why

Shares of Arrow Exploration Corp. (LON:AXL - Get Free Report) were down 0.3% during mid-day trading on Friday . The company traded as low as GBX 24.50 ($0.32) and last traded at GBX 25.18 ($0.33). Approximately 881,180 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 1,477,580 shares. The stock had previously closed at GBX 25.25 ($0.33).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 42 ($0.54) price objective on shares of Arrow Exploration in a report on Wednesday, July 10th.

Arrow Exploration Stock Performance

The company has a market cap of £71.98 million, a P/E ratio of 676.67 and a beta of 1.51. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.50 and a quick ratio of 1.65. The stock has a fifty day moving average price of GBX 28.05 and a two-hundred day moving average price of GBX 26.04.

Arrow Exploration Company Profile

Arrow Exploration Corp., a junior oil and gas company, engages in the acquisition, exploration, development, and production of oil and gas properties in Colombia and Western Canada. The company is headquartered in Calgary, Canada.