Amaroq Minerals (LON:AMRQ) Reaches New 1-Year High – What’s Next?

Amaroq Minerals Ltd. (LON:AMRQ) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 128 and last traded at GBX 128, with a volume of 314767 shares changing hands. The stock had previously closed at GBX 122.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AMRQ. Canaccord Genuity Group increased their target price on Amaroq Minerals from GBX 120 to GBX 150 and gave the stock a “speculative buy” rating in a report on Thursday. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 125 price objective on shares of Amaroq Minerals in a research note on Wednesday, November 19th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Amaroq Minerals presently has a consensus rating of “Buy” and a consensus target price of GBX 137.50.

Amaroq Minerals Price Performance

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 business has a 50-day moving average of GBX 99.34 and a 200 day moving average of GBX 84.56. The firm has a market capitalization of £593.47 million, a PE ratio of -25.10 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.