Canaccord Genuity Group Lowers Arrow Exploration (LON:AXL) Price Target to GBX 44

Arrow Exploration (LON:AXL) had its price target lowered by Canaccord Genuity Group from GBX 50 ($0.62) to GBX 44 ($0.55) in a research report sent to investors on Friday,London Stock Exchange reports. Canaccord Genuity Group currently has a buy rating on the stock.

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 50 ($0.62) target price on shares of Arrow Exploration in a report on Tuesday, December 17th.

Arrow Exploration Stock Performance

Shares of AXL stock opened at GBX 19.85 ($0.25) on Friday. Arrow Exploration has a 12 month low of GBX 17.50 ($0.22) and a 12 month high of GBX 33.50 ($0.42). The firm has a market capitalization of £56.74 million, a PE ratio of 676.67 and a beta of 1.51. The firm has a fifty day simple moving average of GBX 23.69 and a two-hundred day simple moving average of GBX 26.37. 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. (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.