Arrow Exploration (LON:AXL) Given “Buy” Rating at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Arrow Exploration (LON:AXL) in a research note issued to investors on Tuesday,London Stock Exchange reports. Canaccord Genuity Group currently has a GBX 50 ($0.62) price target on the stock.

Arrow Exploration Price Performance

LON:AXL opened at GBX 22.40 ($0.28) on Tuesday. The business’s 50-day moving average is GBX 24.20 and its 200 day moving average is GBX 26.55. Arrow Exploration has a 12 month low of GBX 16.70 ($0.21) and a 12 month high of GBX 33.50 ($0.42). The company has a market capitalization of £64.03 million, a P/E ratio of 676.67 and a beta of 1.51. The company has a current ratio of 1.50, a quick ratio of 1.65 and a debt-to-equity ratio of 0.51.

About Arrow Exploration

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.