Amaroq Minerals (LON:AMRQ) Stock Keeps Speculative Buy Rating at Canaccord Genuity Group

Amaroq Minerals (LON:AMRQ)‘s stock had its “speculative buy” rating reiterated by Canaccord Genuity Group in a note issued to investors on Monday, Digital Look reports. They presently have a GBX 140 target price on the stock. Canaccord Genuity Group‘s price objective would indicate a potential upside of 43.15% from the stock’s previous close.

Amaroq Minerals Trading Down 1.1%

Shares of LON AMRQ traded down GBX 1.08 during trading on Monday, reaching GBX 97.80. The company had a trading volume of 1,052,752 shares, compared to its average volume of 1,010,784. The company’s fifty day moving average price is GBX 111.02 and its 200-day moving average price is GBX 104.73. Amaroq Minerals has a 12 month low of GBX 78.60 and a 12 month high of GBX 155. The stock has a market cap of £455.99 million, a P/E ratio of -19.18 and a beta of 0.82. The company has a quick ratio of 9.04, a current ratio of 2.05 and a debt-to-equity ratio of 29.38.

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.