Amaroq Minerals (LON:AMRQ) Reaches New 1-Year High – Here’s Why

Amaroq Minerals Ltd. (LON:AMRQ) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 128 and last traded at GBX 128, with a volume of 314767 shares changing hands. The stock had previously closed at GBX 122.

Analyst Ratings Changes

Several analysts have recently commented on AMRQ shares. Panmure Gordon restated a “buy” rating and issued a GBX 125 target price on shares of Amaroq Minerals in a research note on Wednesday, November 19th. Canaccord Genuity Group raised their price objective on shares of Amaroq Minerals from GBX 120 to GBX 150 and gave the company a “speculative buy” rating in a research report on Thursday, January 15th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 137.50.

Amaroq Minerals Trading Up 1.9%

The company has a market cap of £564.52 million, a price-to-earnings ratio of -23.87 and a beta of 0.20. The business has a fifty day simple moving average of GBX 100.60 and a 200 day simple moving average of GBX 85.17. The company has a quick ratio of 9.04, a current ratio of 0.67 and a debt-to-equity ratio of 32.09.

About Amaroq Minerals

Amaroq’s principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. The Company’s principal asset is a 100% interest in the Nalunaq Gold mine. The Company has a portfolio of gold and strategic metal assets in Southern Greenland covering the two known gold belts in the region as well as advanced exploration projects at Stendalen and the Sava Copper Belt exploring for Strategic metals such as Copper, Nickel, Rare Earths and other minerals.