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AEX Gold ( (TSE:AMRQ) ) has shared an announcement.
Amaroq Ltd. has disclosed a change in major shareholdings, with Icelandic institution Kvika banki hf. reducing its interest in the company. Kvika’s total voting rights in Amaroq have fallen from 3.14% to 2.77%, equivalent to 12,823,288 voting rights, following a disposal of shares and related financial instruments. The notification, triggered as Kvika crossed a regulatory threshold, clarifies the updated ownership structure and highlights the bank’s position via its asset management arm, which now collectively holds just under 3% of Amaroq’s voting rights. The move marginally reshapes Amaroq’s shareholder base but does not indicate any change to the company’s operational strategy in its Greenland-focused gold and strategic metals projects.
The most recent analyst rating on (TSE:AMRQ) stock is a Hold with a C$2.50 price target. To see the full list of analyst forecasts on AEX Gold 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 held back primarily by persistent losses and significant negative free cash flow, despite a low-debt balance sheet that provides financial flexibility. Technicals are a positive contributor, with the stock trading above major moving averages and showing constructive momentum, while valuation support is limited due to a negative P/E and no stated dividend.
To see Spark’s full report on TSE:AMRQ stock, click here.
More about AEX Gold
Amaroq Ltd. is a minerals exploration and development company focused on the identification, acquisition, exploration and development of gold and strategic metal properties in South Greenland. Its principal asset is a 100% interest in the Nalunaq Gold mine, alongside a portfolio of gold and strategic metals projects across Southern Greenland, including advanced exploration at Stendalen and the Sava Copper Belt targeting copper, nickel, rare earths and other critical minerals.
Average Trading Volume: 192,445
Technical Sentiment Signal: Buy
Current Market Cap: C$996.8M
Find detailed analytics on AMRQ stock on TipRanks’ Stock Analysis page.