Amaroq Minerals’ (AMRQ) “Speculative Buy” Rating Reaffirmed 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 Friday morning, Marketbeat.com reports. They currently have a GBX 125 ($1.59) target price on the stock.

Amaroq Minerals Trading Up 1.8 %

LON:AMRQ opened at GBX 87 ($1.11) on Friday. The company has a debt-to-equity ratio of 25.27, a current ratio of 1.41 and a quick ratio of 9.04. The business’s 50-day simple moving average is GBX 77.45 and its 200-day simple moving average is GBX 69.13. Amaroq Minerals has a fifty-two week low of GBX 56 ($0.71) and a fifty-two week high of GBX 87 ($1.11). The stock has a market capitalization of £284.86 million, a PE ratio of -1,720.00 and a beta of 0.20.

Amaroq Minerals Company Profile

Amaroq Minerals Ltd. engages in the acquisition, exploration, and development of mineral properties in Greenland. The company explores for gold, copper, molybdenum, graphite, platinum group elements, nickel, rare earth elements and others across South Greenland. It holds interests in eleven exploration licenses, including nalunaq, vagar, tartoq, nuna nutaaq, anoritooq, siku, saarloq, north sava, sava, stendalen, kobbermineburgt, paatasoq west, and nunarsuit covering an area of 7,615.85 square kilometers located in South Greenland.