Canaccord Genuity Group Forecasts Strong Price Appreciation for Amaroq Minerals (LON:AMRQ) Stock

Amaroq Minerals (LON:AMRQ) had its target price hoisted by investment analysts at Canaccord Genuity Group from GBX 110 to GBX 120 in a report released on Wednesday, MarketBeat Ratings reports. The brokerage presently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 62.16% from the company’s current price.

Amaroq Minerals Stock Performance

Shares of LON:AMRQ opened at GBX 74 on Wednesday. The firm has a market cap of £336.04 million, a PE ratio of -891.57 and a beta of 0.20. The firm’s 50 day simple moving average is GBX 70.77 and its 200-day simple moving average is GBX 79.22. Amaroq Minerals has a one year low of GBX 60 and a one year high of GBX 121.50. The company has a debt-to-equity ratio of 32.09, a quick ratio of 9.04 and a current ratio of 0.67.

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.