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

Canaccord Genuity Group reaffirmed their speculative buy rating on shares of Amaroq Minerals (LON:AMRQ) in a report issued on Monday morning, Marketbeat reports. Canaccord Genuity Group currently has a GBX 125 ($1.57) target price on the stock.

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 125 ($1.57) price target on shares of Amaroq Minerals in a report on Monday.

Amaroq Minerals Stock Performance

Shares of AMRQ opened at GBX 101.68 ($1.28) on Monday. Amaroq Minerals has a 52-week low of GBX 56 ($0.70) and a 52-week high of GBX 103 ($1.29). The stock’s 50-day simple moving average is GBX 82.80 and its 200 day simple moving average is GBX 70.81. The company has a debt-to-equity ratio of 25.27, a quick ratio of 9.04 and a current ratio of 1.41. The stock has a market capitalization of £332.90 million, a price-to-earnings ratio of -2,033.50 and a beta of 0.20.

About Amaroq Minerals

Amaroq Minerals Ltd. engages in the acquisition, exploration, and development of mineral properties in Greenland. The company explores for gold, copper, molybdenum, graphite, platinum group elements, nickel, rare earth elements and others across South Greenland. It holds interests in eleven exploration licenses, including nalunaq, vagar, tartoq, nuna nutaaq, anoritooq, siku, saarloq, north sava, sava, stendalen, kobbermineburgt, paatasoq west, and nunarsuit covering an area of 7,615.85 square kilometers located in South Greenland.