Amaroq Minerals (LON:AMRQ) Shares Up 1.3% – Here’s What Happened

Amaroq Minerals Ltd. (LON:AMRQ) shares were up 1.3% during trading on Thursday . The company traded as high as GBX 106 and last traded at GBX 105.37. Approximately 478,571 shares traded hands during trading, a decline of 46% from the average session volume of 879,409 shares. The stock had previously closed at GBX 104.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 160 price target on shares of Amaroq Minerals in a report on Thursday, June 11th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 142.50.

Amaroq Minerals Price Performance

The business’s fifty day moving average is GBX 90.89 and its 200-day moving average is GBX 102.02. The company has a debt-to-equity ratio of 18.03, a current ratio of 1.72 and a quick ratio of 9.04. The firm has a market cap of £494.22 million, a PE ratio of -20.78 and a beta of 0.90.

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.