Arrow Exploration (LON:AXL) Shares Down 9.6% – Should You Sell?

Arrow Exploration Corp. (LON:AXL)’s share price dropped 9.6% during mid-day trading on Monday . The stock traded as low as GBX 23.95 ($0.30) and last traded at GBX 23.95 ($0.30). Approximately 2,396,552 shares changed hands during trading, an increase of 69% from the average daily volume of 1,417,964 shares. The stock had previously closed at GBX 26.50 ($0.33).

Wall Street Analyst Weigh In

AXL has been the subject of several recent analyst reports. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 50 ($0.62) price objective on shares of Arrow Exploration in a research note on Tuesday, December 17th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 50 ($0.62) target price on shares of Arrow Exploration in a research note on Tuesday, December 17th.

Arrow Exploration Stock Performance

The company has a market capitalization of £70.86 million, a price-to-earnings ratio of 676.67 and a beta of 1.51. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.50 and a quick ratio of 1.65. The stock has a 50 day moving average price of GBX 23.65 and a two-hundred day moving average price of GBX 26.91.

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.