Amaroq Minerals (LON:AMRQ) Trading 10% Higher - Should You Buy?

Shares of Amaroq Minerals Ltd. (LON:AMRQ - Get Free Report) were up 10% on Friday . The stock traded as high as GBX 139.25 and last traded at GBX 136.43. Approximately 3,432,525 shares traded hands during trading, an increase of 128% from the average daily volume of 1,502,730 shares. The stock had previously closed at GBX 124.Get Amaroq Minerals alerts:Analyst Ratings ChangesSeveral research analysts have recently commented on the stock. Panmure Gordon reaffirmed a "buy" rating and set a GBX 125 target price on shares of Amaroq Minerals in a report on Wednesday, November 19th. Canaccord Genuity Group boosted their price target on Amaroq Minerals from GBX 120 to GBX 150 and gave the company a "speculative buy" rating in a research note on Thursday, January 15th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of GBX 137.50.View Our Latest Stock Analysis on AMRQAmaroq Minerals Stock Up 10.9%The business has a 50-day moving average of GBX 101.75 and a 200 day moving average of GBX 85.69. The company has a market capitalization of £637.52 million, a PE ratio of -26.96 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. About Amaroq Minerals (Get Free Report)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.Recommended StoriesFive stocks we like better than Amaroq MineralsElon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthDo not delete, read immediatelyRefund From 1933: Trump’s Reset May Create Instant WealthThe $100 Trillion AI Story No One Is Telling YouThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Amaroq Minerals Right Now?Before you consider Amaroq Minerals, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amaroq Minerals wasn't on the list.While Amaroq Minerals currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here