Amaroq Minerals (LON:AMRQ) Stock Price Down 0.4% – Should You Sell?

Amaroq Minerals Ltd. (LON:AMRQ)’s share price dropped 0.4% on Thursday . The company traded as low as GBX 110 ($1.37) and last traded at GBX 111 ($1.38). Approximately 560,145 shares were traded during trading, an increase of 64% from the average daily volume of 341,291 shares. The stock had previously closed at GBX 111.50 ($1.38).

Analyst Ratings Changes

AMRQ has been the subject of a number of recent research reports. Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 125 ($1.55) price objective on shares of Amaroq Minerals in a report on Monday, December 16th. Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 125 ($1.55) price target on shares of Amaroq Minerals in a research note on Monday, December 16th.

Amaroq Minerals Stock Performance

The company has a quick ratio of 9.04, a current ratio of 1.41 and a debt-to-equity ratio of 25.27. The stock’s 50-day moving average price is GBX 100.74 and its 200 day moving average price is GBX 79.42. The company has a market cap of £363.44 million, a P/E ratio of -2,220.00 and a beta of 0.20.

Amaroq Minerals Company Profile

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.