Canaccord Genuity Group Issues Positive Forecast for Amaroq Minerals (LON:AMRQ) Stock Price

Amaroq Minerals (LON:AMRQ) had its price target hoisted by Canaccord Genuity Group from GBX 110 to GBX 120 in a research note issued to investors on Wednesday, MarketBeat reports. The firm currently has a speculative buy rating on the stock.

Amaroq Minerals Trading Up 4.1%

AMRQ opened at GBX 77 on Wednesday. The company has a debt-to-equity ratio of 32.09, a current ratio of 0.67 and a quick ratio of 9.04. Amaroq Minerals has a fifty-two week low of GBX 60 and a fifty-two week high of GBX 121.50. The firm has a market capitalization of £349.66 million, a PE ratio of -927.71 and a beta of 0.20. The company’s 50-day moving average is GBX 70.80 and its 200 day moving average is GBX 79.08.

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.