Amaroq Minerals (LON:AMRQ) Trading 0.3% Higher – Should You Buy?

Amaroq Minerals Ltd. (LON:AMRQ)’s stock price was up 0.3% during trading on Friday . The stock traded as high as GBX 98 and last traded at GBX 97.25. Approximately 347,687 shares traded hands during trading, a decline of 38% from the average daily volume of 559,964 shares. The stock had previously closed at GBX 97.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Panmure Gordon reiterated a “buy” rating and set a GBX 125 price target on shares of Amaroq Minerals in a research report on Wednesday, November 19th. Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 120 price objective on shares of Amaroq Minerals in a report on Thursday, December 4th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 122.50.

Amaroq Minerals Price Performance

The company has a fifty day simple moving average of GBX 91.81 and a 200-day simple moving average of GBX 81.46. The company has a market cap of £441.62 million, a P/E ratio of -19.07 and a beta of 0.20. The company has a debt-to-equity ratio of 32.09, a current ratio of 0.67 and a quick ratio of 9.04.

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.