Amaroq Minerals (LON:AMRQ) Shares Up 2.8% – Still a Buy?

Amaroq Minerals Ltd. (LON:AMRQ) shares rose 2.8% during trading on Wednesday . The company traded as high as GBX 112 ($1.38) and last traded at GBX 110 ($1.36). Approximately 482,537 shares traded hands during mid-day trading, an increase of 87% from the average daily volume of 258,531 shares. The stock had previously closed at GBX 107 ($1.32).

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 125 ($1.55) price objective on shares of Amaroq Minerals in a research note on Monday, December 16th. Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 125 ($1.55) price objective on shares of Amaroq Minerals in a report on Monday, December 16th.

Amaroq Minerals Price Performance

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 company’s 50-day moving average price is GBX 89.25 and its 200-day moving average price is GBX 73.68. The company has a market cap of £360.16 million, a P/E ratio of -2,200.00 and a beta of 0.20.

About Amaroq Minerals

Amaroq Minerals Ltd is focused on the identification, acquisition, exploration and development of gold properties in Greenland.

The company has a portfolio of gold and strategic metal assets covering 7,615.85km2, the largest mineral portfolio in Southern Greenland covering the two known gold belts in the region.

Amaroq’s principal asset is a 100% interest in the Nalunaq Project, an advanced exploration stage property with an exploitation license including the previously operating Nalunaq gold mine.