Amaroq Minerals (LON:AMRQ) Earns “Speculative Buy” Rating from Canaccord Genuity Group

Amaroq Minerals (LON:AMRQ)‘s stock had its “speculative buy” rating reiterated by research analysts at Canaccord Genuity Group in a research report issued on Monday, Digital Look reports. They presently have a GBX 140 price objective on the stock. Canaccord Genuity Group‘s target price would indicate a potential upside of 43.15% from the stock’s current price.

Amaroq Minerals Price Performance

Shares of Amaroq Minerals stock traded down GBX 1.08 during midday trading on Monday, hitting GBX 97.80. 1,052,752 shares of the company traded hands, compared to its average volume of 1,010,784. The firm’s fifty day moving average price is GBX 111.02 and its 200-day moving average price is GBX 104.73. The stock has a market cap of £455.99 million, a price-to-earnings ratio of -19.18 and a beta of 0.82. Amaroq Minerals has a 12 month low of GBX 78.60 and a 12 month high of GBX 155. The company has a debt-to-equity ratio of 29.38, a quick ratio of 9.04 and a current ratio of 2.05.

About Amaroq Minerals

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.