Arrow Exploration’s (AXL) “Buy” Rating Reiterated at Canaccord Genuity Group

Arrow Exploration (LON:AXL)‘s stock had its “buy” rating reiterated by Canaccord Genuity Group in a report issued on Tuesday,London Stock Exchange reports. They currently have a GBX 50 ($0.63) price target on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 115.29% from the company’s current price.

Arrow Exploration Price Performance

AXL stock opened at GBX 23.23 ($0.29) on Tuesday. The stock has a 50-day moving average price of GBX 24.31 and a two-hundred day moving average price of GBX 26.58. Arrow Exploration has a 1 year low of GBX 16.70 ($0.21) and a 1 year high of GBX 33.50 ($0.42). The stock has a market cap of £66.39 million, a PE 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.

Arrow Exploration Company Profile

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.