Amaroq Minerals (LON:AMRQ) Shares Up 3.3% – Time to Buy?

Amaroq Minerals Ltd. (LON:AMRQ)’s stock price was up 3.3% on Thursday . The stock traded as high as GBX 109 and last traded at GBX 108.50. 737,481 shares were traded during trading, a decline of 14% from the average daily volume of 856,983 shares. The stock had previously closed at GBX 105.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 140 target price on shares of Amaroq Minerals in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Amaroq Minerals currently has a consensus rating of “Buy” and a consensus target price of GBX 132.50.

Amaroq Minerals Trading Down 0.5%

The company has a 50-day simple moving average of GBX 97.75 and a 200-day simple moving average of GBX 98.64. The stock has a market cap of £503.54 million, a P/E ratio of -21.18 and a beta of 0.90. 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.