By late Friday afternoon, the stock traded at C$1.37 apiece for a daily gain of 10.5%. Earlier in the session, it had reached a 52-week high of C$1.40.
The company’s market capitalization was C$360.7 million ($270m) at the time of reporting.
Amaroq was founded in 2017 with the aim of exploring gold and other strategic minerals (copper, nickel, platinum group metals, etc.) in Greenland. Its portfolio covers an area of 9,785 km2, headlined by the past-producing Nalunaq gold mine, which it is in the process of redeveloping.
