Amaroq Minerals (LON:AMRQ) Stock Price Down 1.9% - Here's What Happened

Amaroq Minerals Ltd. (LON:AMRQ - Get Free Report)'s share price dropped 1.9% during mid-day trading on Tuesday . The company traded as low as GBX 76.05 ($1.03) and last traded at GBX 77 ($1.04). Approximately 288,678 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 413,364 shares. The stock had previously closed at GBX 78.50 ($1.06).

Analyst Upgrades and Downgrades

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

Amaroq Minerals Stock Performance

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 firm's 50 day moving average is GBX 83.50 and its 200-day moving average is GBX 92.95. The stock has a market capitalization of £555.51 million, a price-to-earnings ratio of -14.18 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.