Amaroq Minerals’ (AMRQ) “Speculative Buy” Rating Reiterated at Canaccord Genuity Group

Amaroq Minerals (LON:AMRQ)‘s stock had its “speculative buy” rating restated by stock analysts at Canaccord Genuity Group in a report released on Tuesday,London Stock Exchange reports. They currently have a GBX 120 target price on the stock. Canaccord Genuity Group’s target price points to a potential upside of 30.43% from the stock’s previous close.

Amaroq Minerals Stock Performance

Shares of LON AMRQ traded up GBX 4.50 during midday trading on Tuesday, reaching GBX 92. The company had a trading volume of 21,981,477 shares, compared to its average volume of 671,226. The company has a current ratio of 0.67, a quick ratio of 9.04 and a debt-to-equity ratio of 32.09. The business’s 50-day simple moving average is GBX 79.90 and its 200 day simple moving average is GBX 79.42. The stock has a market cap of £417.78 million, a P/E ratio of -11.08 and a beta of 0.20. Amaroq Minerals has a 1 year low of GBX 60 and a 1 year high of GBX 121.50.

About Amaroq Minerals

Amaroq’s principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. The Company’s principal asset is a 100% interest in the Nalunaq Gold mine. The Company has a portfolio of gold and strategic metal assets in Southern Greenland covering the two known gold belts in the region as well as advanced exploration projects at Stendalen and the Sava Copper Belt exploring for Strategic metals such as Copper, Nickel, Rare Earths and other minerals.