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

Amaroq Minerals (LON:AMRQ)‘s stock had its “speculative buy” rating reiterated by stock analysts at Canaccord Genuity Group in a note issued to investors on Monday, MarketBeat reports. They currently have a GBX 125 ($1.59) price target on the stock. Canaccord Genuity Group’s price target points to a potential upside of 23.76% from the stock’s previous close.

Amaroq Minerals Stock Performance

Shares of LON AMRQ opened at GBX 101 ($1.28) on Monday. Amaroq Minerals has a 1-year low of GBX 56 ($0.71) and a 1-year high of GBX 103 ($1.31). The company has a 50-day moving average of GBX 82.31 and a two-hundred day moving average of GBX 70.61. The company has a market cap of £330.69 million, a PE ratio of -2,046.60 and a beta of 0.20. The company has a current ratio of 1.41, a quick ratio of 9.04 and a debt-to-equity ratio of 25.27.

About Amaroq Minerals

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.