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 issued to investors on Thursday, Marketbeat Ratings reports. Canaccord Genuity Group currently has a GBX 150 price target on the stock.

Amaroq Minerals Price Performance

Shares of LON AMRQ opened at GBX 93.55 on Thursday. Amaroq Minerals has a twelve month low of GBX 60 and a twelve month high of GBX 155. The company has a current ratio of 1.56, a quick ratio of 9.04 and a debt-to-equity ratio of 0.13. The company has a market capitalization of £435.42 million, a price-to-earnings ratio of -18.34 and a beta of 0.20. The business has a 50 day simple moving average of GBX 116.49 and a 200-day simple moving average of GBX 99.29.

Insiders Place Their Bets

In other Amaroq Minerals news, insider Eldur Ólafsson sold 61,756 shares of the business’s stock in a transaction on Monday, February 16th. The shares were sold at an average price of GBX 11, for a total transaction of £6,793.16. 7.99% of the stock is currently owned by insiders.

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.