A Piece Of The Puzzle Missing From Arrow Exploration Corp.’s (CVE:AXL) 39% Share Price Climb
Arrow Exploration Corp. (CVE:AXL) shares have had a really impressive month, gaining 39% after a shaky period beforehand. Taking a wider view, although not as strong as the last month, the full year gain of 25% is also fairly reasonable.
Even after such a large jump in price, Arrow Exploration’s price-to-sales (or “P/S”) ratio of 1.1x might still make it look like a buy right now compared to the Oil and Gas industry in Canada, where around half of the companies have P/S ratios above 2.2x and even P/S above 5x are quite common. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s limited.
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