Shares of Arrow Exploration Corp. (LON:AXL – Get Free Report) fell 12.8% during trading on Wednesday. The stock traded as low as GBX 33.55 and last traded at GBX 34.44. 401,993 shares were traded during mid-day trading, a decline of 54% from the average session volume of 866,072 shares. The stock had previously closed at GBX 39.50.
Arrow Exploration Price Performance
The firm has a fifty day simple moving average of GBX 35.25 and a two-hundred day simple moving average of GBX 25.62. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.65 and a current ratio of 1.41. The firm has a market cap of £98.45 million, a PE ratio of 8.61 and a beta of 1.51.
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.
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