Amaroq Minerals (LON:AMRQ) Reaches New 52-Week High – Still a Buy?

Amaroq Minerals Ltd. (LON:AMRQ)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as GBX 124 and last traded at GBX 123.14, with a volume of 1162079 shares traded. The stock had previously closed at GBX 117.10.

Analysts Set New Price Targets

AMRQ has been the subject of several recent research reports. Panmure Gordon reissued a “buy” rating and issued a GBX 125 target price on shares of Amaroq Minerals in a research report on Wednesday, November 19th. Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 120 price objective on shares of Amaroq Minerals in a report on Thursday, December 4th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 122.50.

Amaroq Minerals Stock Performance

The company has a market cap of £529.26 million, a P/E ratio of -22.38 and a beta of 0.20. The company has a quick ratio of 9.04, a current ratio of 0.67 and a debt-to-equity ratio of 32.09. The stock’s 50-day moving average price is GBX 97.15 and its 200 day moving average price is GBX 83.72.

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.