American Resources Corporation (AREC)

Market Cap	82.07M
Revenue (ttm)	379,961
Net Income (ttm)	-25.91M
Shares Out	77.42M
EPS (ttm)	-0.34
PE Ratio	n/a
Forward PE	n/a
Dividend	n/a
Ex-Dividend Date	n/a

Volume	220,441
Open	1.150
Previous Close	1.130
Day's Range	1.020 - 1.150
52-Week Range	0.410 - 1.860
Beta	0.17
Analysts	Strong Buy
Price Target	4.06 (+283.02%)
Earnings Date	Nov 14, 2024

About AREC

American Resources Corporation, together with its subsidiaries, extracts, processes, transports, and sells metallurgical coal to the steel and industrial industries. It supplies raw materials; and sells coal used in pulverized coal injections. The company was founded in 2006 and is headquartered in Fishers, Indiana.

• Industry: Coking Coal
• Sector: Materials
• IPO Date: Feb 15, 2019
• Employees: 23
• Stock Exchange: NASDAQ
• Ticker Symbol: AREC
• Website: https://www.americanresourcescorp.com

Financial Performance

In 2023, American Resources's revenue was $16.74 million, a decrease of -57.58% compared to the previous year's $39.47 million. Losses were -$11.46 million, 692.4% more than in 2022.

Analyst Forecast

According to 4 analysts, the average rating for AREC stock is "Strong Buy." The 12-month stock price forecast is $4.06, which is an increase of 283.02% from the latest price.

Price Target

$4.06

(283.02% upside)

Analyst Consensus: Strong Buy