Arrow Exploration (LON:AXL) Trading Down 10.4% – Here’s What Happened

Posted by Dante Gardener on Feb 7th, 2025

Arrow Exploration Corp. (LON:AXL – Get Free Report) fell 10.4% during mid-day trading on Wednesday . The stock traded as low as GBX 19.50 ($0.24) and last traded at GBX 20.38 ($0.25). 3,203,982 shares were traded during trading, an increase of 239% from the average session volume of 946,307 shares. The stock had previously closed at GBX 22.75 ($0.28).

Analyst Upgrades and Downgrades

Several research analysts have commented on AXL shares. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 50 ($0.62) target price on shares of Arrow Exploration in a report on Tuesday, December 17th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 50 ($0.62) price objective on shares of Arrow Exploration in a research note on Tuesday, December 17th.

Get Our Latest Report on AXL

Arrow Exploration Stock Down 2.2 %

The business has a fifty day moving average price of GBX 23.76 and a two-hundred day moving average price of GBX 26.44. The firm has a market cap of £55.63 million, a PE 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.

About Arrow Exploration

(Get Free Report)

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.