Canaccord Genuity Group Reaffirms “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 research report issued on Tuesday, MarketBeat Ratings reports. They currently have a GBX 120 price target on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 27.66% from the stock’s current price.

Amaroq Minerals Trading Up 3.3%

LON AMRQ opened at GBX 94 on Tuesday. Amaroq Minerals has a twelve month low of GBX 60 and a twelve month high of GBX 121.50. The company has a debt-to-equity ratio of 32.09, a quick ratio of 9.04 and a current ratio of 0.67. The stock has a market cap of £426.86 million, a price-to-earnings ratio of -11.33 and a beta of 0.20. The firm’s 50 day moving average price is GBX 80.92 and its two-hundred day moving average price is GBX 79.55.

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.