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

Canaccord Genuity Group restated their speculative buy rating on shares of Amaroq Minerals (LON:AMRQ) in a research note released on Thursday, Marketbeat Ratings reports. The firm currently has a GBX 120 target price on the stock.

Separately, Panmure Gordon reaffirmed a “buy” rating and set a GBX 125 price target on shares of Amaroq Minerals in a research note on Wednesday, November 19th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 123.33.

Amaroq Minerals Trading Up 2.8%

LON AMRQ opened at GBX 92.50 on Thursday. The stock has a market cap of £420.05 million, a P/E ratio of -11.14 and a beta of 0.20. The company’s fifty day simple moving average is GBX 88.19 and its 200-day simple moving average is GBX 80.59. The company has a current ratio of 0.67, a quick ratio of 9.04 and a debt-to-equity ratio of 32.09. Amaroq Minerals has a 52 week low of GBX 60 and a 52 week high of GBX 121.50.

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.