Amaroq Minerals’ (AMRQ) “Speculative Buy” Rating Reaffirmed at Canaccord Genuity Group

Amaroq Minerals (LON:AMRQ)‘s stock had its “speculative buy” rating reaffirmed by analysts at Canaccord Genuity Group in a research note issued on Monday,Digital Look reports. They currently have a GBX 125 ($1.59) price target on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 22.94% from the stock’s previous close.

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 125 ($1.59) price target on shares of Amaroq Minerals in a research report on Monday.

Amaroq Minerals Stock Performance

LON AMRQ traded up GBX 0.68 ($0.01) during trading on Monday, hitting GBX 101.68 ($1.29). The company’s stock had a trading volume of 282,914 shares, compared to its average volume of 184,979. Amaroq Minerals has a 52 week low of GBX 56 ($0.71) and a 52 week high of GBX 103 ($1.31). The firm has a market cap of £332.90 million, a P/E ratio of -2,033.50 and a beta of 0.20. The firm has a 50 day moving average price of GBX 82.80 and a 200 day moving average price of GBX 70.81. The company has a quick ratio of 9.04, a current ratio of 1.41 and a debt-to-equity ratio of 25.27.

About Amaroq Minerals

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.