Amaroq Minerals (LON:AMRQ) Shares Up 10.5% – What’s Next?

Amaroq Minerals Ltd. (LON:AMRQ) shares traded up 10.5% on Friday . The stock traded as high as GBX 119 and last traded at GBX 116. 641,142 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 1,112,047 shares. The stock had previously closed at GBX 105.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AMRQ. Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 120 target price on shares of Amaroq Minerals in a research note on Thursday, December 4th. 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. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 122.50.

Amaroq Minerals Price Performance

The stock has a market capitalization of £534.59 million, a P/E ratio of -22.61 and a beta of 0.20. The business’s 50 day simple moving average is GBX 95.02 and its two-hundred day simple moving average is GBX 82.85. The company has a quick ratio of 9.04, a current ratio of 0.67 and a debt-to-equity ratio of 32.09.

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.