Amaroq Minerals (LON:AMRQ) Shares Down 0.4% - Time to Sell?

Amaroq Minerals Ltd. (LON:AMRQ - Get Free Report)'s share price fell 0.4% during mid-day trading on Thursday . The stock traded as low as GBX 110 ($1.35) and last traded at GBX 111 ($1.36). 560,145 shares traded hands during trading, an increase of 64% from the average session volume of 341,291 shares. The stock had previously closed at GBX 111.50 ($1.37).

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Canaccord Genuity Group reissued a "speculative buy" rating and issued a GBX 125 ($1.54) price target on shares of Amaroq Minerals in a research report on Monday, December 16th. Canaccord Genuity Group reissued a "speculative buy" rating and set a GBX 125 ($1.54) price target on shares of Amaroq Minerals in a research report on Monday, December 16th.

Amaroq Minerals Stock Down 1.9 %

The stock has a fifty day moving average of GBX 101.37 and a 200 day moving average of GBX 79.86. The company has a debt-to-equity ratio of 25.27, a current ratio of 1.41 and a quick ratio of 9.04. The firm has a market capitalization of £356.89 million, a P/E ratio of -2,180.00 and a beta of 0.20.

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.