Amaroq Minerals (LON:AMRQ) Given “Speculative Buy” Rating at Canaccord Genuity Group

Amaroq Minerals (LON:AMRQ)‘s stock had its “speculative buy” rating reaffirmed by equities researchers at Canaccord Genuity Group in a note issued to investors on Thursday, MarketBeat Ratings reports. They presently have a GBX 150 price objective on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 57.89% from the company’s current price.

Amaroq Minerals Price Performance

Shares of LON AMRQ opened at GBX 95 on Thursday. The firm has a market capitalization of £442.17 million, a P/E ratio of -18.63 and a beta of 0.20. The firm’s 50-day moving average price is GBX 117 and its 200-day moving average price is GBX 99.33. The company has a current ratio of 1.56, a quick ratio of 9.04 and a debt-to-equity ratio of 0.13. Amaroq Minerals has a 1-year low of GBX 60 and a 1-year high of GBX 155.

Insiders Place Their Bets

In related news, insider Eldur Ólafsson sold 476,442 shares of the company’s stock in a transaction that occurred on Monday, February 16th. The stock was sold at an average price of GBX 11, for a total transaction of £52,408.62. Company insiders own 7.99% of the company’s stock.

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.