American Resources Corporation (AREC)

Market Cap	85.88M
Revenue (ttm)	39.33M
Net Income (ttm)	-42.91M
Shares Out	66.38M
EPS (ttm)	-0.48
PE Ratio	n/a
Forward PE	4.64
Dividend	n/a
Ex-Dividend Date	n/a

Volume	405,878
Open	1.25
Previous Close	1.25
Day's Range	1.22 - 1.3
52-Week Range	1.2 - 3.56
Beta	-5.51
Analysts	Buy
Price Target	4.72 (+268.8%)
Earnings Date	Nov 15, 2022

About AREC

American Resources Corporation engages in the extraction, processing, transportation, distribution, and sale of metallurgical coal to the steel industries. The company supplies raw materials; and sells coal used in pulverized coal injections. It has a portfolio of operations located in the Pike, Knott, and Letcher Counties in Kentucky; and Wyoming County, West Virginia. American Resources Corporation was founded in 2006 and is headquartered in Fishers, Indiana.

• Industry: Oil, Gas & Consumable Fuels
• IPO Date: Feb 15, 2019
• Employees: 11
• Stock Exchange: NASDAQ
• Ticker Symbol: AREC

Financial Performance

In 2021, AREC's revenue was $7.76 million, an increase of 631.85% compared to the previous year's $1.06 million. Losses were -$32.50 million, 216.9% more than in 2020.

Analyst Forecast

According to 8 analysts, the average rating for AREC stock is "Buy." The 12-month stock price forecast is 4.72, which is an increase of 268.75% from the latest price.

Price Target

$4.72

(268.75% upside)

Analyst Consensus: Buy