Canaccord Genuity Group Reaffirms Buy Rating for Arrow Exploration (LON:AXL)

Canaccord Genuity Group reiterated their buy rating on shares of Arrow Exploration (LON:AXL) in a research note issued to investors on Wednesday morning, Marketbeat reports. They currently have a GBX 42 ($0.54) price objective on the stock.

Arrow Exploration Stock Performance

AXL stock opened at GBX 27.40 ($0.35) on Wednesday. Arrow Exploration has a twelve month low of GBX 16.50 ($0.21) and a twelve month high of GBX 29.50 ($0.38). The firm has a market cap of £78.33 million, a price-to-earnings ratio of 676.67 and a beta of 1.47. The business’s fifty day simple moving average is GBX 22.69 and its two-hundred day simple moving average is GBX 21.60. The company has a quick ratio of 1.65, a current ratio of 1.67 and a debt-to-equity ratio of 0.77.

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. Arrow Exploration Corp. is headquartered in Calgary, Canada.