Arrow Exploration (LON:AXL) Hits New 52-Week High – Should You Buy?

Arrow Exploration Corp. (LON:AXL)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as GBX 36.90 and last traded at GBX 34.50, with a volume of 936459 shares. The stock had previously closed at GBX 36.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised their price objective on shares of Arrow Exploration from GBX 27 to GBX 30 and gave the company a “speculative buy” rating in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 30.

Arrow Exploration Trading Down 4.2%

The company has a quick ratio of 1.65, a current ratio of 1.41 and a debt-to-equity ratio of 0.33. The company has a market cap of £98.62 million, a price-to-earnings ratio of 8.62 and a beta of 1.51. The firm has a 50 day moving average price of GBX 27.73 and a two-hundred day moving average price of GBX 24.55.

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. The asset base is predominantly operated with high working interests, and the Brent-linked light oil pricing exposure combines with low royalties to yield attractive potential operating margins.