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Amaroq Ltd. ( (TSE:AMRQ) ) has issued an announcement.
Islandsbanki hf., through its subsidiary Islandssjodir hf., has reduced its shareholding in Amaroq Ltd., a non-UK issuer listed under the ticker AMRQ, triggering a disclosure under UK major shareholding rules. The Icelandic bank’s combined voting interest in Amaroq has fallen from 3.15% to 2.92%, equivalent to 13,557,118 voting rights, reflecting a disposal of shares that nudges the investor just below a higher reporting threshold and slightly dilutes its influence in the company’s shareholder base.
The most recent analyst rating on (TSE:AMRQ) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Amaroq Ltd. stock, see the TSE:AMRQ Stock Forecast page.
Spark’s Take on TSE:AMRQ Stock
According to Spark, TipRanks’ AI Analyst, TSE:AMRQ is a Neutral.
The score is primarily constrained by weak financial performance, driven by substantial losses and heavy cash burn despite improving TTM revenue and margins. Technicals are a meaningful positive due to a strong upward trend and positive momentum, but the stock looks extended (overbought signals). Valuation remains challenged given the company is loss-making and has no stated dividend yield.
To see Spark’s full report on TSE:AMRQ stock, click here.
More about Amaroq Ltd.
Average Trading Volume: 295,517
Technical Sentiment Signal: Buy
Current Market Cap: C$1.35B
For detailed information about AMRQ stock, go to TipRanks’ Stock Analysis page.