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

Canaccord Genuity Group restated their speculative buy rating on shares of Amaroq Minerals (LON:AMRQ) in a research report report published on Monday morning, MarketBeat.com reports. They currently have a GBX 125 ($1.57) price target on the stock.

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 125 ($1.57) target price on shares of Amaroq Minerals in a research report on Monday.

Amaroq Minerals Price Performance

AMRQ opened at GBX 101.68 ($1.28) on Monday. Amaroq Minerals has a fifty-two week low of GBX 56 ($0.70) and a fifty-two week high of GBX 103 ($1.29). The firm has a 50-day moving average of GBX 82.80 and a 200 day moving average of GBX 70.81. The company has a debt-to-equity ratio of 25.27, a quick ratio of 9.04 and a current ratio of 1.41. The firm has a market cap of £332.90 million, a P/E ratio of -2,033.50 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.