Canaccord Genuity Group Reaffirms Speculative Buy Rating for Amaroq Minerals (LON:AMRQ)

Amaroq Minerals (LON:AMRQ)‘s stock had its “speculative buy” rating reiterated by investment analysts at Canaccord Genuity Group in a research note issued on Thursday, MarketBeat Ratings reports. They presently have a GBX 150 target price on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 59.91% from the company’s current price.

Amaroq Minerals Price Performance

Shares of LON:AMRQ opened at GBX 93.80 on Thursday. The firm has a 50 day moving average of GBX 115.93 and a 200-day moving average of GBX 99.44. Amaroq Minerals has a 12 month low of GBX 60 and a 12 month high of GBX 155. The company has a current ratio of 3.27, a quick ratio of 9.04 and a debt-to-equity ratio of 15.19. The stock has a market capitalization of £436.58 million, a PE ratio of -18.39 and a beta of 0.21.

Insider Buying and Selling

In other news, insider Eldur Ólafsson sold 476,442 shares of the stock in a transaction dated Monday, February 16th. The shares were sold at an average price of GBX 11, for a total value of £52,408.62. 7.99% of the stock is currently owned by corporate insiders.

Amaroq Minerals Company Profile

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.