Amaroq Minerals (LON:AMRQ) Trading Up 2.8% – Here’s What Happened

Shares of Amaroq Minerals Ltd. (LON:AMRQ) shot up 2.8% during trading on Wednesday . The company traded as high as GBX 112 ($1.38) and last traded at GBX 110 ($1.36). 482,537 shares traded hands during mid-day trading, an increase of 87% from the average session volume of 258,531 shares. The stock had previously closed at GBX 107 ($1.32).

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AMRQ shares. Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 125 ($1.55) target price on shares of Amaroq Minerals in a research report on Monday, December 16th. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 125 ($1.55) target price on shares of Amaroq Minerals in a report on Monday, December 16th.

Amaroq Minerals Stock Up 2.8 %

The stock has a market cap of £360.16 million, a price-to-earnings ratio of -2,200.00 and a beta of 0.20. The firm has a 50 day simple moving average of GBX 89.25 and a two-hundred day simple moving average of GBX 73.68. The company has a debt-to-equity ratio of 25.27, a current ratio of 1.41 and a quick ratio of 9.04.

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.