Arrow Exploration (LON:AXL) Hits New 52-Week Low – Should You Sell?

Arrow Exploration Corp. (LON:AXL)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 16.90 ($0.22) and last traded at GBX 18.50 ($0.24), with a volume of 917511 shares traded. The stock had previously closed at GBX 17.48 ($0.23).

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AXL. Canaccord Genuity Group restated a “buy” rating and set a GBX 44 ($0.57) price objective on shares of Arrow Exploration in a research note on Thursday, March 13th. Canaccord Genuity Group restated a “buy” rating and set a GBX 50 ($0.65) price target on shares of Arrow Exploration in a research report on Tuesday, December 17th.

Arrow Exploration Stock Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.71 and a quick ratio of 1.65. The company has a fifty day moving average price of GBX 20.59 and a two-hundred day moving average price of GBX 23.69. The firm has a market cap of £66.29 million, a price-to-earnings ratio of 110.22 and a beta of 1.51.

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.