Amaroq Minerals’ (AMRQ) Speculative Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their speculative buy rating on shares of Amaroq Minerals (LON:AMRQ) in a report issued on Friday morning, MarketBeat.com reports. They currently have a GBX 125 ($1.59) price objective on the stock.

Amaroq Minerals Trading Up 0.6 %

Shares of AMRQ stock opened at GBX 86 ($1.10) on Friday. The company has a current ratio of 1.41, a quick ratio of 9.04 and a debt-to-equity ratio of 25.27. The stock has a market capitalization of £281.58 million, a price-to-earnings ratio of -1,720.00 and a beta of 0.20. Amaroq Minerals has a 12-month low of GBX 56 ($0.71) and a 12-month high of GBX 87 ($1.11). The stock’s 50-day moving average price is GBX 77.45 and its 200-day moving average price is GBX 69.15.

Amaroq Minerals Company Profile

Amaroq Minerals Ltd. engages in the acquisition, exploration, and development of mineral properties in Greenland. The company explores for gold, copper, molybdenum, graphite, platinum group elements, nickel, rare earth elements and others across South Greenland. It holds interests in eleven exploration licenses, including nalunaq, vagar, tartoq, nuna nutaaq, anoritooq, siku, saarloq, north sava, sava, stendalen, kobbermineburgt, paatasoq west, and nunarsuit covering an area of 7,615.85 square kilometers located in South Greenland.