Arrow Exploration (LON:AXL) Reaches New 1-Year High – Here’s Why

Arrow Exploration Corp. (LON:AXL) reached a new 52-week high during trading on Tuesday. The stock traded as high as GBX 39.50 and last traded at GBX 37.70, with a volume of 1,287,711 shares traded. The stock had previously closed at GBX 37.80.

Arrow Exploration Trading Down 0.3%

The firm has a 50-day moving average of GBX 32.55 and a 200 day moving average of GBX 27.32. The company has a current ratio of 1.41, a quick ratio of 1.65 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of £107.77 million, a price-to-earnings ratio of 9.43 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. 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.