Amaroq Minerals’ (AMRQ) Speculative Buy Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reissued their speculative buy rating on shares of Amaroq Minerals (LON:AMRQ) in a report released on Friday,London Stock Exchange reports. Canaccord Genuity Group currently has a GBX 125 ($1.61) price target on the stock.

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 125 ($1.61) price objective on shares of Amaroq Minerals in a report on Monday, December 16th.

Amaroq Minerals Trading Down 1.6 %

Shares of AMRQ opened at GBX 93 ($1.20) on Friday. Amaroq Minerals has a 1-year low of GBX 56 ($0.72) and a 1-year high of GBX 121.50 ($1.57). The company has a 50-day moving average of GBX 104.54 and a 200 day moving average of GBX 89.27. The firm has a market capitalization of £676.21 million, a price-to-earnings ratio of -17.26 and a beta of 0.20. The company has a debt-to-equity ratio of 32.09, a current ratio of 0.67 and a quick ratio of 9.04.

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.