Amaroq Minerals (LON:AMRQ) Given Speculative Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group reissued their speculative buy rating on shares of Amaroq Minerals (LON:AMRQ) in a research note published on Monday morning,Digital Look reports. They currently have a GBX 125 ($1.59) price objective on the stock.

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 125 ($1.59) price target on shares of Amaroq Minerals in a research note on Monday.

Amaroq Minerals Trading Up 0.7 %

LON AMRQ traded up GBX 0.68 ($0.01) during mid-day trading on Monday, reaching GBX 101.68 ($1.29). 282,914 shares of the stock were exchanged, compared to its average volume of 184,979. The business’s fifty day simple moving average is GBX 82.80 and its 200 day simple moving average is GBX 70.81. The company has a debt-to-equity ratio of 25.27, a quick ratio of 9.04 and a current ratio of 1.41. The stock has a market capitalization of £332.90 million, a PE ratio of -2,033.50 and a beta of 0.20. Amaroq Minerals has a 1-year low of GBX 56 ($0.71) and a 1-year high of GBX 103 ($1.31).

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.