Arrow Exploration (LON:AXL) Shares Down 0.1% – Time to Sell?

Arrow Exploration Corp. (LON:AXL) shares dropped 0.1% during trading on Thursday . The company traded as low as GBX 27.88 ($0.36) and last traded at GBX 27.97 ($0.37). Approximately 397,574 shares were traded during trading, a decline of 74% from the average daily volume of 1,553,578 shares. The stock had previously closed at GBX 28 ($0.37).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 42 ($0.55) price objective on shares of Arrow Exploration in a report on Wednesday, July 10th.

Arrow Exploration Stock Performance

The stock has a market capitalization of £80.04 million, a PE ratio of 676.67 and a beta of 1.51. The business’s 50-day moving average is GBX 29.54 and its two-hundred day moving average is GBX 25.62. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.65 and a current ratio of 1.50.

About Arrow Exploration

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.