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

Canaccord Genuity Group reissued their speculative buy rating on shares of Amaroq Minerals (LON:AMRQ) in a research report sent to investors on Thursday,Digital Look reports. They currently have a GBX 140 price target on the stock.

Amaroq Minerals Trading Down 1.4%

Shares of AMRQ stock opened at GBX 104.50 on Thursday. The business has a 50-day moving average of GBX 92.41 and a 200 day moving average of GBX 101.37. The company has a debt-to-equity ratio of 18.03, a current ratio of 1.72 and a quick ratio of 9.04. Amaroq Minerals has a 1-year low of GBX 60 and a 1-year high of GBX 155. The stock has a market capitalization of £487.22 million, a PE ratio of -20.49 and a beta of 0.88.

Amaroq Minerals Company Profile

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.