Amaroq Minerals (LON:AMRQ) Stock Price Down 0.3% - Should You Sell?

Shares of Amaroq Minerals Ltd. (LON:AMRQ - Get Free Report) traded down 0.3% during mid-day trading on Friday . The company traded as low as GBX 88 ($1.19) and last traded at GBX 90.25 ($1.22). 461,835 shares changed hands during mid-day trading, an increase of 25% from the average session volume of 369,149 shares. The stock had previously closed at GBX 90.50 ($1.22).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a "speculative buy" rating and set a GBX 125 ($1.69) price target on shares of Amaroq Minerals in a research note on Friday, March 21st.

Amaroq Minerals Stock Performance

The company's 50 day moving average price is GBX 84.98 and its 200-day moving average price is GBX 94.15. The company has a debt-to-equity ratio of 32.09, a quick ratio of 9.04 and a current ratio of 0.67. The company has a market cap of £654.40 million, a PE ratio of -16.70 and a beta of 0.20.

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.