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

Canaccord Genuity Group reaffirmed their speculative buy rating on shares of Amaroq Minerals (LON:AMRQ) in a report published on Thursday morning, MarketBeat reports. They currently have a GBX 150 target price on the stock.

Amaroq Minerals Price Performance

Shares of LON AMRQ opened at GBX 93.80 on Thursday. The company has a quick ratio of 9.04, a current ratio of 3.27 and a debt-to-equity ratio of 15.19. Amaroq Minerals has a 52 week low of GBX 60 and a 52 week high of GBX 155. The firm has a 50-day simple moving average of GBX 115.93 and a 200-day simple moving average of GBX 99.64. The stock has a market capitalization of £436.58 million, a price-to-earnings ratio of -18.39 and a beta of 0.21.

Insider Buying and Selling

In other Amaroq Minerals news, insider Eldur Ólafsson sold 61,756 shares of the company’s stock in a transaction on Monday, February 16th. The shares were sold at an average price of GBX 11, for a total transaction of £6,793.16. Company insiders own 7.99% of the company’s stock.

About Amaroq Minerals

Amaroq’s principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. The Company’s principal asset is a 100% interest in the Nalunaq Gold mine. The Company has a portfolio of gold and strategic metal assets in Southern Greenland covering the two known gold belts in the region as well as advanced exploration projects at Stendalen and the Sava Copper Belt exploring for Strategic metals such as Copper, Nickel, Rare Earths and other minerals.