Arrow Exploration (LON:AXL) Shares Down 9.6% – Should You Sell?

Shares of Arrow Exploration Corp. (LON:AXL) were down 9.6% during trading on Monday . The company traded as low as GBX 23.95 ($0.30) and last traded at GBX 23.95 ($0.30). Approximately 2,396,552 shares changed hands during mid-day trading, an increase of 69% from the average daily volume of 1,417,964 shares. The stock had previously closed at GBX 26.50 ($0.33).

Analyst Ratings Changes

A number of analysts recently commented on AXL shares. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 50 ($0.62) price objective on shares of Arrow Exploration in a research report on Tuesday, December 17th. Canaccord Genuity Group restated a “buy” rating and set a GBX 50 ($0.62) target price on shares of Arrow Exploration in a report on Tuesday, December 17th.

Arrow Exploration Price Performance

The stock has a market cap of £70.86 million, a price-to-earnings ratio of 676.67 and a beta of 1.51. The company has a 50-day simple moving average of GBX 23.65 and a two-hundred day simple moving average of GBX 26.91. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.65 and a current ratio of 1.50.

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.