Amaroq Minerals’ (AMRQ) “Buy” Rating Reaffirmed at Panmure Gordon

Amaroq Minerals (LON:AMRQ)‘s stock had its “buy” rating reiterated by equities research analysts at Panmure Gordon in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. They presently have a GBX 125 target price on the stock. Panmure Gordon’s price target suggests a potential upside of 33.69% from the stock’s previous close.

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 120 price objective on shares of Amaroq Minerals in a report on Tuesday, November 11th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Amaroq Minerals presently has an average rating of “Buy” and an average price target of GBX 123.33.

Amaroq Minerals Trading Up 1.6%

LON:AMRQ traded up GBX 1.50 during trading hours on Wednesday, hitting GBX 93.50. The company had a trading volume of 363,255 shares, compared to its average volume of 581,657. The company has a current ratio of 0.67, a quick ratio of 9.04 and a debt-to-equity ratio of 32.09. The company has a 50-day moving average of GBX 82.62 and a 200 day moving average of GBX 79.74. The company has a market cap of £424.59 million, a P/E ratio of -11.27 and a beta of 0.20. Amaroq Minerals has a 1 year low of GBX 60 and a 1 year high of GBX 121.50.

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.