Amaroq Minerals (LON:AMRQ) Receives “Speculative Buy” Rating from Canaccord Genuity Group

Amaroq Minerals (LON:AMRQ)‘s stock had its “speculative buy” rating reiterated by Canaccord Genuity Group in a report issued on Thursday,Digital Look reports. They presently have a GBX 140 target price on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 29.63% from the stock’s previous close.

Amaroq Minerals Price Performance

AMRQ stock opened at GBX 108 on Thursday. The company has a debt-to-equity ratio of 18.03, a quick ratio of 9.04 and a current ratio of 1.72. The stock’s 50 day moving average price is GBX 91.84 and its 200 day moving average price is GBX 101.56. The firm has a market cap of £503.54 million, a P/E ratio of -21.18 and a beta of 0.90. Amaroq Minerals has a 1 year low of GBX 60 and a 1 year high of GBX 155.

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.