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

Canaccord Genuity Group reiterated their buy rating on shares of Arrow Exploration (LON:AXL) in a research report sent to investors on Tuesday morning,London Stock Exchange reports. The firm currently has a GBX 50 ($0.62) price objective on the stock.

Arrow Exploration Stock Down 2.6 %

AXL opened at GBX 22.40 ($0.28) on Tuesday. Arrow Exploration has a twelve month low of GBX 16.70 ($0.21) and a twelve month high of GBX 33.50 ($0.42). The company has a quick ratio of 1.65, a current ratio of 1.50 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average price of GBX 24.20 and a 200-day moving average price of GBX 26.55. The stock has a market capitalization of £64.03 million, a price-to-earnings ratio of 676.67 and a beta of 1.51.

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.