Amaroq (OTCPK:AMRQ.F) Stock Shrugs Off Profit Turn As Cost Questions Persist
Simply Wall St reports Amaroq’s Q2 results showed a shift to profitability, with revenue of C$37.3m and net income of C$11.1m, versus a prior loss, and Basic EPS of C$0.0239. It also cites H1 gross profit of C$34.9m, liquidity around US$47m, and debt drawn on a revolving credit facility, while cost questions persist.


