Amaroq Minerals (LON:AMRQ) Receives Speculative Buy Rating from Canaccord Genuity Group

Amaroq Minerals (LON:AMRQ)‘s stock had its “speculative buy” rating reissued by investment analysts at Canaccord Genuity Group in a note issued to investors on Friday,London Stock Exchange reports. They currently have a GBX 125 ($1.62) price target on the stock. Canaccord Genuity Group’s price target points to a potential upside of 34.41% from the company’s previous close.

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 125 ($1.62) price target on shares of Amaroq Minerals in a research report on Monday, December 16th.

Amaroq Minerals Stock Down 1.6 %

LON AMRQ traded down GBX 1.50 ($0.02) during mid-day trading on Friday, reaching GBX 93 ($1.21). 104,462 shares of the company’s stock traded hands, compared to its average volume of 286,549. The company has a current ratio of 0.67, a quick ratio of 9.04 and a debt-to-equity ratio of 32.09. Amaroq Minerals has a 1-year low of GBX 56 ($0.73) and a 1-year high of GBX 121.50 ($1.58). The company has a fifty day simple moving average of GBX 105.04 and a 200-day simple moving average of GBX 89.04. The company has a market cap of £676.21 million, a price-to-earnings ratio of -17.26 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.