Amaroq Minerals’ (AMRQ) “Speculative Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their speculative buy rating on shares of Amaroq Minerals (LON:AMRQ) in a research note issued to investors on Friday,London Stock Exchange reports. They currently have a GBX 125 ($1.61) price objective on the stock.

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 125 ($1.61) price target on shares of Amaroq Minerals in a research note on Monday, December 16th.

Amaroq Minerals Price Performance

AMRQ stock opened at GBX 93 ($1.20) on Friday. The company has a market capitalization of £676.21 million, a P/E ratio of -17.26 and a beta of 0.20. The company has a debt-to-equity ratio of 32.09, a quick ratio of 9.04 and a current ratio of 0.67. Amaroq Minerals has a 52-week low of GBX 56 ($0.72) and a 52-week high of GBX 121.50 ($1.57). The business has a 50-day simple moving average of GBX 104.54 and a two-hundred day simple moving average of GBX 89.27.

About Amaroq Minerals

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.