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

Amaroq Minerals (LON:AMRQ)‘s stock had its “speculative buy” rating reiterated by equities research analysts at Canaccord Genuity Group in a report released on Friday,London Stock Exchange reports. They currently have a GBX 125 ($1.61) price target on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 34.41% from the stock’s previous close.

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

Amaroq Minerals Price Performance

LON AMRQ opened at GBX 93 ($1.20) on Friday. Amaroq Minerals has a 12 month low of GBX 56 ($0.72) and a 12 month high of GBX 121.50 ($1.57). The stock has a market cap of £676.21 million, a price-to-earnings ratio of -17.26 and a beta of 0.20. The company’s 50 day moving average is GBX 104.54 and its two-hundred day moving average is GBX 89.27. The company has a current ratio of 0.67, a quick ratio of 9.04 and a debt-to-equity ratio of 32.09.

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.