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

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

Analyst Ratings Changes

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

Amaroq Minerals Stock Performance

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 cap of £386.81 million, a P/E ratio of -16.27 and a beta of 0.81. The firm’s 50-day simple moving average is GBX 94.94 and its 200 day simple moving average is GBX 104.32.

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.