Arrow Exploration (LON:AXL) Receives Buy Rating from Canaccord Genuity Group

Arrow Exploration (LON:AXL)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity Group in a research report issued to clients and investors on Thursday,Digital Look reports. They currently have a GBX 44 ($0.57) price target on the stock. Canaccord Genuity Group’s price target points to a potential upside of 153.60% from the stock’s current price.

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 50 ($0.65) price objective on shares of Arrow Exploration in a research report on Tuesday, December 17th.

Arrow Exploration Stock Performance

LON:AXL opened at GBX 17.35 ($0.22) on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.65 and a current ratio of 1.71. The company has a fifty day moving average of GBX 21.51 and a two-hundred day moving average of GBX 24.32. The stock has a market capitalization of £62.17 million, a PE ratio of 103.37 and a beta of 1.51. Arrow Exploration has a fifty-two week low of GBX 17 ($0.22) and a fifty-two week high of GBX 33.50 ($0.43).

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.