Canaccord Genuity Group Reiterates Speculative Buy Rating for Amaroq Minerals (LON:AMRQ)

Amaroq Minerals (LON:AMRQ)‘s stock had its “speculative buy” rating reissued by equities researchers at Canaccord Genuity Group in a report issued on Thursday, MarketBeat.com reports. They presently have a GBX 150 target price on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 57.89% from the company’s current price.

Amaroq Minerals Price Performance

Shares of AMRQ opened at GBX 95 on Thursday. The company has a quick ratio of 9.04, a current ratio of 1.56 and a debt-to-equity ratio of 0.13. The stock has a market cap of £442.17 million, a PE ratio of -18.63 and a beta of 0.20. Amaroq Minerals has a 12-month low of GBX 60 and a 12-month high of GBX 155. The business has a 50-day simple moving average of GBX 117 and a two-hundred day simple moving average of GBX 99.33.

Insider Activity

In related news, insider Eldur Ólafsson sold 476,442 shares of the company’s stock in a transaction dated Monday, February 16th. The stock was sold at an average price of GBX 11, for a total transaction of £52,408.62. 7.99% of the stock is owned by corporate insiders.

Amaroq Minerals Company Profile

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.