Canaccord Genuity Group Issues Positive Forecast for Amaroq Minerals (LON:AMRQ) Stock Price

Amaroq Minerals (LON:AMRQ) had its target price hoisted by Canaccord Genuity Group from GBX 110 to GBX 120 in a research note published on Wednesday, Marketbeat Ratings reports. They currently have a speculative buy rating on the stock.

Amaroq Minerals Trading Down 0.3%

Shares of Amaroq Minerals stock opened at GBX 71.80 on Wednesday. The company has a 50-day moving average of GBX 70.80 and a two-hundred day moving average of GBX 79.37. Amaroq Minerals has a 12-month low of GBX 60 and a 12-month high of GBX 121.50. The company has a current ratio of 0.67, a quick ratio of 9.04 and a debt-to-equity ratio of 32.09. The stock has a market cap of £326.05 million, a PE ratio of -865.06 and a beta of 0.20.

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.