Amaroq Minerals (LON:AMRQ) Shares Up 0.4% – Here’s What Happened

Amaroq Minerals Ltd. (LON:AMRQ – Get Free Report)’s stock price rose 0.4% during trading on Thursday. The stock traded as high as GBX 120.08 and last traded at GBX 119.50. Approximately 1,623,183 shares traded hands during trading, an increase of 72% from the average session volume of 945,681 shares. The stock had previously closed at GBX 119.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 140 price target on shares of Amaroq Minerals in a research note on Thursday, August 13th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 132.50.

View Our Latest Stock Report on Amaroq Minerals

Amaroq Minerals Stock Up 0.4%

The company has a current ratio of 2.05, a quick ratio of 9.04 and a debt-to-equity ratio of 29.38. The firm has a market capitalization of £557.16 million, a P/E ratio of -23.43 and a beta of 0.90. The stock’s 50-day simple moving average is GBX 106.22 and its 200-day simple moving average is GBX 98.51.

Amaroq Minerals Company Profile

(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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