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

Canaccord Genuity Group restated their speculative buy rating on shares of Amaroq Minerals (LON:AMRQ) in a research note issued to investors on Friday morning,London Stock Exchange reports. They currently have a GBX 125 ($1.61) target price on the stock.

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

Amaroq Minerals Price Performance

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

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.