Amaroq Minerals (LON:AMRQ) Shares Down 1.5% – Here’s Why

Amaroq Minerals Ltd. (LON:AMRQ)’s stock price traded down 1.5% during mid-day trading on Monday . The stock traded as low as GBX 94 ($1.22) and last traded at GBX 94.95 ($1.23). 130,178 shares traded hands during trading, a decline of 56% from the average session volume of 295,189 shares. The stock had previously closed at GBX 96.40 ($1.25).

Wall Street Analysts Forecast Growth

AMRQ has been the subject of several analyst reports. Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 125 ($1.62) target price on shares of Amaroq Minerals in a research note on Monday, December 16th. Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 125 ($1.62) target price on shares of Amaroq Minerals in a research note on Monday, December 16th.

Amaroq Minerals Stock Down 1.5 %

The firm has a 50-day moving average of GBX 106.08 and a 200 day moving average of GBX 88.31. The stock has a market capitalization of £690.39 million, a price-to-earnings ratio of -17.62 and a beta of 0.20. The company has a current ratio of 0.67, a quick ratio of 9.04 and a debt-to-equity ratio of 32.09.

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.