Amaroq Minerals (LON:AMRQ) Insider Eldur Ólafsson Sells 476,442 Shares

Amaroq Minerals Ltd. (LON:AMRQ) insider Eldur Ólafsson sold 476,442 shares of the business’s stock in a transaction on Monday, February 16th. The stock was sold at an average price of GBX 11, for a total transaction of £52,408.62.

Eldur Ólafsson also recently made the following trade(s):

• On Monday, February 16th, Eldur Ólafsson sold 61,756 shares of Amaroq Minerals stock. The stock was sold at an average price of GBX 11, for a total transaction of £6,793.16.

Amaroq Minerals Price Performance

Shares of AMRQ stock traded down GBX 1 during midday trading on Tuesday, reaching GBX 113. 1,295,881 shares of the company traded hands, compared to its average volume of 1,265,008. The firm’s 50 day simple moving average is GBX 114.79 and its two-hundred day simple moving average is GBX 92.66. Amaroq Minerals Ltd. has a 1-year low of GBX 60 and a 1-year high of GBX 155. The company has a debt-to-equity ratio of 32.09, a current ratio of 0.67 and a quick ratio of 9.04. The firm has a market cap of £523.92 million, a PE ratio of -22.16 and a beta of 0.20.

Analyst Ratings Changes

A number of brokerages recently commented on AMRQ. Panmure Gordon reissued a “buy” rating and issued a GBX 125 price objective on shares of Amaroq Minerals in a research note on Wednesday, November 19th. Canaccord Genuity Group increased their price target on shares of Amaroq Minerals from GBX 120 to GBX 150 and gave the company a “speculative buy” rating in a research report on Thursday, January 15th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 137.50.

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.