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 - Free Report) in a research note released on Friday, MarketBeat reports. The firm currently has a GBX 125 ($1.59) price target on the stock.

Amaroq Minerals Stock Performance

LON AMRQ traded up GBX 0.50 ($0.01) during trading on Friday, hitting GBX 86 ($1.10). 115,387 shares of the company's stock traded hands, compared to its average volume of 173,729. The company has a debt-to-equity ratio of 25.27, a quick ratio of 9.04 and a current ratio of 1.41. The stock has a market capitalization of £281.58 million, a price-to-earnings ratio of -1,707.20 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 business has a 50 day moving average of GBX 76.93 and a 200-day moving average of GBX 69.03.

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.