Amaroq Minerals (LON:AMRQ) Stock Price Down 1.5% - Here's What Happened

Amaroq Minerals Ltd. (LON:AMRQ - Get Free Report) shares dropped 1.5% during trading on Monday . The company traded as low as GBX 94 ($1.22) and last traded at GBX 94.95 ($1.23). Approximately 130,178 shares were traded during trading, a decline of 56% from the average daily volume of 295,189 shares. The stock had previously closed at GBX 96.40 ($1.25).

Analysts Set New Price Targets

AMRQ has been the topic of a number of recent research reports. Canaccord Genuity Group reiterated a "speculative buy" rating and issued a GBX 125 ($1.62) target price on shares of Amaroq Minerals in a research report on Friday. Canaccord Genuity Group reaffirmed a "speculative buy" rating and issued a GBX 125 ($1.62) price objective on shares of Amaroq Minerals in a report on Monday, December 16th.

Amaroq Minerals Stock Down 1.6 %

The company has a debt-to-equity ratio of 32.09, a quick ratio of 9.04 and a current ratio of 0.67. The firm has a market cap of £676.21 million, a price-to-earnings ratio of -17.26 and a beta of 0.20. The business's 50 day moving average price is GBX 105.04 and its 200 day moving average price is GBX 89.04.

Amaroq Minerals Company Profile

Amaroq Minerals Ltd is focused on the identification, acquisition, exploration and development of gold properties in Greenland. The company has a portfolio of gold and strategic metal assets covering 7,615.85km2, the largest mineral portfolio in Southern Greenland covering the two known gold belts in the region. Amaroq's principal asset is a 100% interest in the Nalunaq Project, an advanced exploration stage property with an exploitation license including the previously operating Nalunaq gold mine.