Amaroq Minerals’ (AMRQ) Speculative Buy Rating Reaffirmed at Canaccord Genuity Group

Amaroq Minerals (LON:AMRQ)‘s stock had its “speculative buy” rating reiterated by equities researchers at Canaccord Genuity Group in a research report issued on Thursday,Digital Look reports. They presently have a GBX 140 price target on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 29.63% from the company’s current price.

Amaroq Minerals Stock Performance

Shares of AMRQ opened at GBX 108 on Thursday. The stock has a fifty day moving average of GBX 91.84 and a two-hundred day moving average of GBX 101.56. The company has a debt-to-equity ratio of 18.03, a quick ratio of 9.04 and a current ratio of 1.72. The company has a market capitalization of £503.54 million, a PE ratio of -21.18 and a beta of 0.90. Amaroq Minerals has a fifty-two week low of GBX 60 and a fifty-two week high of GBX 155.

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.