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 - Free Report) in a research note published on Monday, MarketBeat reports. Canaccord Genuity Group currently has a GBX 125 ($1.57) price objective on the stock.

Separately, Canaccord Genuity Group reiterated a "speculative buy" rating and set a GBX 125 ($1.57) target price on shares of Amaroq Minerals in a report on Monday.

Amaroq Minerals Stock Up 0.7 %

Shares of AMRQ traded up GBX 0.68 ($0.01) on Monday, hitting GBX 101.68 ($1.28). The company's stock had a trading volume of 282,914 shares, compared to its average volume of 184,979. The firm's fifty day moving average price is GBX 82.80 and its 200-day moving average price is GBX 70.81. Amaroq Minerals has a fifty-two week low of GBX 56 ($0.70) and a fifty-two week high of GBX 103 ($1.29). The company has a quick ratio of 9.04, a current ratio of 1.41 and a debt-to-equity ratio of 25.27. The firm has a market capitalization of £332.90 million, a price-to-earnings ratio of -2,033.50 and a beta of 0.20.

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.