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

Amaroq Minerals Ltd. (LON:AMRQ - Get Free Report) shares 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 ($1.05). Approximately 288,678 shares changed hands during trading, a decline of 30% from the average daily volume of 413,364 shares. The stock had previously closed at GBX 78.50 ($1.07).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a "speculative buy" rating and issued a GBX 125 ($1.70) price target on shares of Amaroq Minerals in a research report on Friday, March 21st.

Amaroq Minerals Stock Performance

The company has a quick ratio of 9.04, a current ratio of 0.67 and a debt-to-equity ratio of 32.09. The stock has a fifty day moving average price of GBX 83.62 and a two-hundred day moving average price of GBX 93.17. The company has a market capitalization of £552.60 million, a price-to-earnings ratio of -14.10 and a beta of 0.20.

About Amaroq Minerals

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.