Arrow Exploration (LON:AXL) Shares Down 0.3% – Here’s Why

Arrow Exploration Corp. (LON:AXL)’s stock price was down 0.3% on Friday . The company traded as low as GBX 24.50 ($0.32) and last traded at GBX 25.18 ($0.33). Approximately 881,180 shares traded hands during trading, a decline of 40% from the average daily volume of 1,477,580 shares. The stock had previously closed at GBX 25.25 ($0.33).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 42 ($0.54) price target on shares of Arrow Exploration in a research note on Wednesday, July 10th.

Arrow Exploration Stock Performance

The company has a market capitalization of £71.98 million, a PE ratio of 676.67 and a beta of 1.51. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.65 and a current ratio of 1.50. The stock’s fifty day simple moving average is GBX 28.05 and its 200-day simple moving average is GBX 26.04.

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.