Amaroq Minerals (LON:AMRQ) Trading Down 0.4% – Here’s What Happened

Amaroq Minerals Ltd. (LON:AMRQ) dropped 0.4% during trading on Thursday . The stock traded as low as GBX 110 ($1.36) and last traded at GBX 111 ($1.38). Approximately 560,145 shares changed hands during mid-day trading, an increase of 64% from the average daily volume of 341,291 shares. The stock had previously closed at GBX 111.50 ($1.38).

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AMRQ shares. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 125 ($1.55) target price on shares of Amaroq Minerals in a research note on Monday, December 16th. Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 125 ($1.55) target price on shares of Amaroq Minerals in a research report on Monday, December 16th.

Amaroq Minerals Stock Up 0.1 %

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’s 50-day moving average price is GBX 101.37 and its two-hundred day moving average price is GBX 79.75. The stock has a market capitalization of £363.76 million, a PE ratio of -2,222.00 and a beta of 0.20.

About Amaroq Minerals

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.