Canaccord Genuity Group Reiterates Speculative Buy Rating for Amaroq Minerals (LON:AMRQ)

Amaroq Minerals (LON:AMRQ)‘s stock had its “speculative buy” rating reissued by Canaccord Genuity Group in a research note issued to investors on Monday,Digital Look reports. They currently have a GBX 125 ($1.59) price objective on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 22.94% from the company’s previous close.

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 125 ($1.59) target price on shares of Amaroq Minerals in a research report on Monday.

Amaroq Minerals Trading Up 0.7 %

Shares of Amaroq Minerals stock traded up GBX 0.68 ($0.01) during trading hours on Monday, reaching GBX 101.68 ($1.29). The stock had a trading volume of 282,914 shares, compared to its average volume of 184,979. The firm has a 50 day simple moving average of GBX 82.80 and a two-hundred day simple moving average of GBX 70.81. Amaroq Minerals has a 1 year low of GBX 56 ($0.71) and a 1 year high of GBX 103 ($1.31). 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 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.