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

Amaroq Minerals (LON:AMRQ)‘s stock had its “speculative buy” rating reiterated by analysts at Canaccord Genuity Group in a research note issued to investors on Monday,Digital Look reports. They presently have a GBX 125 ($1.59) target price on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 22.94% from the stock’s previous close.

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 125 ($1.59) price objective on shares of Amaroq Minerals in a research report on Monday.

Amaroq Minerals Stock Performance

Shares of LON AMRQ traded up GBX 0.68 ($0.01) during midday trading on Monday, hitting GBX 101.68 ($1.29). The company’s stock had a trading volume of 282,914 shares, compared to its average volume of 184,979. The firm has a market cap of £332.90 million, a P/E 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). The firm’s fifty day moving average price is GBX 82.80 and its 200-day moving average price 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.

Amaroq Minerals Company Profile

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.