Amaroq Minerals (LON:AMRQ) Stock Falls 2.6% – Here’s What Happened

Amaroq Minerals Ltd. (LON:AMRQ)’s share price was down 2.6% on Friday. The stock traded as low as GBX 112.50 and last traded at GBX 112.50. Approximately 630,841 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 1,003,718 shares. The stock had previously closed at GBX 115.50.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 140 price target on shares of Amaroq Minerals in a report on Thursday, August 13th. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 132.50.

Amaroq Minerals Price Performance

The company has a market cap of £524.52 million, a PE ratio of -22.06 and a beta of 0.82. The stock has a fifty day moving average price of GBX 111.28 and a 200-day moving average price of GBX 100.40. The company has a debt-to-equity ratio of 29.38, a current ratio of 2.05 and a quick ratio of 9.04.

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.