Canaccord Genuity Group Lowers Amaroq Minerals (LON:AMRQ) Price Target to GBX 110

Amaroq Minerals (LON:AMRQ) had its target price decreased by Canaccord Genuity Group from GBX 125 ($1.69) to GBX 110 ($1.49) in a research note issued on Thursday, Marketbeat Ratings reports. The brokerage currently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 57.14% from the company’s previous close.

Amaroq Minerals Stock Performance

LON AMRQ opened at GBX 70 ($0.95) on Thursday. The stock has a market capitalization of £508.97 million, a price-to-earnings ratio of -12.99 and a beta of 0.20. Amaroq Minerals has a twelve month low of GBX 56 ($0.76) and a twelve month high of GBX 121.50 ($1.65). The company has a current ratio of 0.67, a quick ratio of 9.04 and a debt-to-equity ratio of 32.09. The stock has a 50-day moving average of GBX 77.68 and a 200 day moving average of GBX 87.07.

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.