Amaroq Minerals (LON:AMRQ) Trading Down 0.4% – What’s Next?

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

Wall Street Analysts Forecast Growth

AMRQ has been the subject of several research analyst reports. Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 125 ($1.55) price target on shares of Amaroq Minerals in a research note on Monday, December 16th. Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 125 ($1.55) target price on shares of Amaroq Minerals in a research note on Monday, December 16th.

Amaroq Minerals Stock Performance

The company has a current ratio of 1.41, a quick ratio of 9.04 and a debt-to-equity ratio of 25.27. The company has a market cap of £363.76 million, a P/E ratio of -2,222.00 and a beta of 0.20. The company’s fifty day moving average is GBX 101.37 and its 200 day moving average is GBX 79.75.

Amaroq Minerals Company Profile

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.