Amaroq Minerals (LON:AMRQ) Shares Up 0.7% - Still a Buy?

Key Points

• Amaroq Minerals Ltd. shares increased by 0.7%, trading at GBX 75.50 ($1.00) with a significant 75% increase in trading volume compared to its average daily volume.
• The company's market capitalization stands at £545.33 million, with a current ratio of 0.67 and a debt-to-equity ratio of 32.09.
• Amaroq holds a 100% interest in the Nalunaq Project, one of its major assets, which has an exploitation license for an already operating gold mine in Greenland.

Amaroq Minerals Ltd. (LON:AMRQ - Get Free Report) rose 0.7% during trading on Monday . The company traded as high as GBX 76 ($1.02) and last traded at GBX 75.50 ($1.02). Approximately 727,412 shares traded hands during mid-day trading, an increase of 75% from the average daily volume of 414,743 shares. The stock had previously closed at GBX 75 ($1.01).

Amaroq Minerals Price Performance

The firm has a market capitalization of £552.60 million, a price-to-earnings ratio of -14.10 and a beta of 0.20. The company has a debt-to-equity ratio of 32.09, a current ratio of 0.67 and a quick ratio of 9.04. The stock has a 50 day moving average price of GBX 79.55 and a two-hundred day moving average price of GBX 88.58.

Amaroq Minerals Company Profile

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.