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Amaroq Minerals Ltd.

Company price
None CAD 0.00(0%)
Last update at 2026-03-26T21:04:22.886809Z
Market Cap
1020.03M

Momentum Score

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Amaroq Ltd. engages in the acquisition, exploration, and development of mineral properties in Greenland. The company explores for gold, copper, molybdenum, graphite, platinum group elements, nickel, rare earth elements, and others. Its flagship asset is the 100% owned Nalunaq Gold mine located on northeast of Nanortalik, Greenland. The company was formerly known as Amaroq Minerals Ltd. and changed its name to Amaroq Ltd. in July 2025. Amaroq Ltd. was incorporated in 2017 and is headquartered in Toronto, Canada.

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52 Week Price Range
1.13
Low
2.99
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High

Key Metrics*

Previous Close
1.70
Dividend Yield
-
Revenue TTM
16.28M
Revenue Per Share
0.04
Gross Profit TTM
5.78M
Debt / Equity
-
ROE
-10.64%
Net Debt
14.73M
ROCE
-10.02%
Diluted EPS TTM
-0.05

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Income before tax -23.46M -0.83M -21.90M -24.69M -12.34M
Net income -23.46M -0.83M -21.90M -24.69M -12.34M
Selling general administrative 17.35M 13.49M 10.02M 9.61M 4.30M
Gross profit - - - -0.09M -0.02M
Reconciled depreciation 0.93M 0.78M 0.85M 0.39M 0.23M
Operating income -20.95M -22.76M -22.85M -23.98M -11.29M
Interest expense 0.04M 0.03M 0.04M 0.04M 0.01M
Interest income 1.19M 1.07M 0.24M 0.14M 0.08M
Net interest income 1.15M 1.04M 0.20M 0.10M 0.08M
Total revenue 0.00M 0.00M 0.00M 0.00M 0.00M
Total operating expenses 20.95M 22.76M 22.85M 23.98M 11.29M
Cost of revenue - - - 0.09M 0.02M
Total other income expense net -3.66M 20.90M 0.75M -0.81M -1.13M
Net income from continuing ops -23.46M -0.83M -21.90M -24.69M -12.34M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Total assets 255.98M 106.95M 65.10M 42.78M 65.94M
Total liab 54.82M 42.67M 1.87M 2.81M 1.66M
Total stockholder equity 201.16M 64.28M 63.23M 39.97M 64.28M
Capital stock 291.17M 132.12M 131.71M 88.50M 88.50M
Retained earnings -97.98M -74.53M -73.69M -51.80M -27.11M
Cash 45.19M 21.01M 50.14M 27.32M 61.87M
Total current liabilities 46.97M 42.10M 1.21M 2.10M 0.90M
Net debt - 14.73M - - -
Short long term debt 28.62M 35.74M - - -
Total current assets 65.88M 43.97M 50.68M 27.64M 62.31M
Long term investments 21.60M 23.49M 0.00M - -
Inventory 10.18M 0.68M 0.00M - -
Accounts payable - - 1.14M 2.05M 0.83M
Non currrent assets other 6.80M 0.60M 0.43M 0.42M 0.46M
Non current assets total 190.10M 62.98M 14.41M 15.14M 3.64M
Capital lease obligations 0.71M 0.66M 0.73M 0.76M 0.83M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Investments -117.47M -24.30M -0.26M -11.88M -2.15M
Net borrowings 24.26M - - - -
Total cash from financing activities 145.53M 29.36M 43.06M -0.07M 73.55M
Net income -23.46M -0.83M -21.90M -24.69M -12.34M
Change in cash 24.18M -29.12M 22.81M -34.55M 60.36M
Begin period cash flow 21.01M 50.14M 27.32M 61.87M 1.52M
End period cash flow 45.19M 21.01M 50.14M 27.32M 61.87M
Total cash from operating activities -6.03M -34.36M -20.87M -22.29M -9.87M
Issuance of capital stock 127.68M 0.00M 46.31M 0.00M 74.55M
Depreciation 0.93M 0.78M 0.85M 0.39M 0.23M
Change to inventory -9.50M - - - -
Capital expenditures 111.42M 24.30M 0.33M 11.88M 0.44M
Change in working capital 7.78M -17.45M -1.09M 1.26M 0.19M
Stock based compensation 2.05M 1.91M 2.05M 0.37M 1.03M
Other non cash items 0.57M 0.47M 0.00M - -0.09M
Free cash flow -117.45M -58.66M -21.20M -34.17M -10.31M

Peer Comparison*

Sector: Basic Materials Industry: Gold

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
OMG
Omai Gold Mines Corp
0.18
12.08%
1.67 - - - 62.63 - -4.09
ASE
Asante Gold Corporation
0.07
12.07%
0.65 - 6.57 2.23 269.42 2.23 49.52
THX
Thor Explorations Ltd.
0.06
6.98%
0.92 3.41 2.77 2.87 1.88 1.80 2.44
MKO
Mako Mining Corp
0.80
7.86%
10.98 18.47 2.34 6.21 4.73 4.31 10.00

Profile*

Amaroq Minerals Ltd.

Amaroq Ltd. engages in the acquisition, exploration, and development of mineral properties in Greenland. The company explores for gold, copper, molybdenum, graphite, platinum group elements, nickel, rare earth elements, and others. Its flagship asset is the 100% owned Nalunaq Gold mine located on northeast of Nanortalik, Greenland. The company was formerly known as Amaroq Minerals Ltd. and changed its name to Amaroq Ltd. in July 2025. Amaroq Ltd. was incorporated in 2017 and is headquartered in Toronto, Canada.

1 First Canadian Place, Toronto, ON, Canada, M5X 1A4

Name Title Year Born
Mr. Eldur Olafsson Founder, Pres, CEO & Director 1986
Mr. Marthinus Jacobus Crouse CFO & Director 1978
Mr. George Robertson Fowlie Director of Corp. Devel. 1945
Ms. Joan Plant VP of ESG & Corp. Sec. 1968
James Gilbertson VP of Exploration NA
Mr. William Kellaway Vice-Pres of Exploration 1961
Mr. Eldur Olafsson Founder, President, CEO & Director 1986
Ms. Joan Plant Executive Vice President 1968
Mr. James Gilbertson Vice President of Exploration NA
Ms. Anna Mkrtchyan VP of Finance & Business Optimisation NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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