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

Amaroq Minerals Ltd. (LON:AMRQ)’s stock price fell 1.2% on Thursday . The stock traded as low as GBX 84 and last traded at GBX 85. 399,164 shares were traded during trading, a decline of 55% from the average daily volume of 880,752 shares. The stock had previously closed at GBX 86.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 160 price objective on shares of Amaroq Minerals in a research note on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Amaroq Minerals presently has a consensus rating of “Buy” and a consensus price target of GBX 142.50.

Amaroq Minerals Price Performance

The firm has a 50 day moving average of GBX 90.61 and a 200-day moving average of GBX 103.13. The company has a market cap of £399.65 million, a P/E ratio of -16.81 and a beta of 0.90. 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.