Amaroq Minerals (LON:AMRQ) Earns Speculative Buy Rating from Canaccord Genuity Group

Amaroq Minerals (LON:AMRQ)‘s stock had its “speculative buy” rating reiterated by investment analysts at Canaccord Genuity Group in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. They currently have a GBX 160 target price on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 57.56% from the stock’s current price.

Amaroq Minerals Trading Down 1.9%

Shares of AMRQ opened at GBX 101.55 on Wednesday. The company has a debt-to-equity ratio of 15.19, a quick ratio of 9.04 and a current ratio of 3.27. The firm has a market cap of £472.66 million, a price-to-earnings ratio of -19.91 and a beta of 0.91. The firm has a 50 day moving average price of GBX 100.63 and a 200-day moving average price of GBX 103.84. Amaroq Minerals has a fifty-two week low of GBX 60 and a fifty-two week high of GBX 155.

Insider Buying and Selling

In other Amaroq Minerals news, insider Eldur Ólafsson sold 476,442 shares of the business’s stock in a transaction that occurred on Monday, February 16th. The stock was sold at an average price of GBX 11, for a total value of £52,408.62. 7.99% of the stock is owned by company insiders.

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.