Amaroq Minerals (LON:AMRQ) Stock Price Down 1.2% – Here’s What Happened

Amaroq Minerals Ltd. (LON:AMRQ)’s stock price fell 1.2% during trading on Wednesday . The stock traded as low as GBX 89 and last traded at GBX 89.74. 2,587,160 shares were traded during trading, an increase of 160% from the average session volume of 994,822 shares. The stock had previously closed at GBX 90.80.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 160 price target on shares of Amaroq Minerals in a research note on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 142.50.

Amaroq Minerals Stock Performance

The stock has a market cap of £417.69 million, a price-to-earnings ratio of -17.60 and a beta of 0.91. The stock’s 50 day moving average is GBX 97.92 and its two-hundred day moving average is GBX 105.05. The company has a current ratio of 1.72, a quick ratio of 9.04 and a debt-to-equity ratio of 18.03.

About Amaroq Minerals

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.