Amaroq Minerals (LON:AMRQ) Shares Down 0.7% – Here’s What Happened

Shares of Amaroq Minerals Ltd. (LON:AMRQ – Get Free Report) dropped 0.7% on Thursday . The stock traded as low as GBX 82 and last traded at GBX 83.40. 390,175 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 921,374 shares. The stock had previously closed at GBX 84.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 160 price target on shares of Amaroq Minerals in a research note on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Amaroq Minerals presently has an average rating of “Buy” and a consensus price target of GBX 142.50.

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Amaroq Minerals Price Performance

The company’s 50 day simple moving average is GBX 95.26 and its 200 day simple moving average is GBX 104.47. The company has a current ratio of 1.72, a quick ratio of 9.04 and a debt-to-equity ratio of 18.03. The stock has a market capitalization of £388.65 million, a PE ratio of -16.35 and a beta of 0.81.

About Amaroq Minerals

(Get Free Report)

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.

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