Amaroq Minerals (LON:AMRQ) Receives Speculative Buy Rating from Canaccord Genuity Group

Amaroq Minerals (LON:AMRQ)‘s stock had its “speculative buy” rating restated by stock analysts at Canaccord Genuity Group in a report issued on Friday,Digital Look reports. They currently have a GBX 125 ($1.59) target price on the stock. Canaccord Genuity Group’s target price points to a potential upside of 46.44% from the company’s previous close.

Amaroq Minerals Stock Down 0.2 %

Amaroq Minerals stock opened at GBX 85.36 ($1.08) on Friday. Amaroq Minerals has a 12 month low of GBX 56 ($0.71) and a 12 month high of GBX 86.82 ($1.10). The stock has a fifty day simple moving average of GBX 76.93 and a two-hundred day simple moving average of GBX 69.03. The company has a current ratio of 1.41, a quick ratio of 9.04 and a debt-to-equity ratio of 25.27. The firm has a market cap of £279.49 million, a price-to-earnings ratio of -1,707.20 and a beta of 0.20.

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.