Amaroq Minerals (LON:AMRQ) Trading Down 0.5% – Should You Sell?

Amaroq Minerals Ltd. (LON:AMRQ) shares fell 0.5% during mid-day trading on Friday . The company traded as low as GBX 102.11 ($1.29) and last traded at GBX 103.48 ($1.31). 37,591 shares were traded during mid-day trading, a decline of 85% from the average session volume of 256,566 shares. The stock had previously closed at GBX 104 ($1.31).

Analysts Set New Price Targets

A number of brokerages have issued reports on AMRQ. Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 125 ($1.58) target price on shares of Amaroq Minerals in a report on Monday, December 16th. Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 125 ($1.58) target price on shares of Amaroq Minerals in a report on Monday, December 16th.

Amaroq Minerals Trading Down 0.5 %

The company has a market cap of £752.41 million, a price-to-earnings ratio of -19.20 and a beta of 0.20. The firm has a 50 day moving average price of GBX 107.87 and a two-hundred day moving average price of GBX 84.78. The company has a quick ratio of 9.04, a current ratio of 0.67 and a debt-to-equity ratio of 32.09.

Amaroq Minerals Company Profile

Amaroq Minerals Ltd is focused on the identification, acquisition, exploration and development of gold properties in Greenland.

The company has a portfolio of gold and strategic metal assets covering 7,615.85km2, the largest mineral portfolio in Southern Greenland covering the two known gold belts in the region.

Amaroq’s principal asset is a 100% interest in the Nalunaq Project, an advanced exploration stage property with an exploitation license including the previously operating Nalunaq gold mine.