American Resources Corporation (AREC)

NASDAQ: AREC · IEX Real-Time Price · USD
1.28
+0.03 (2.40%)
Dec 9, 2022 4:00 PM EST - Market closed
2.4%
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. [Read more]

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

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.

Financial Statements

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
Stock Forecasts

News

American Resources Corporation Receives Advanced Roof Control Plan Approval for Carnegie Metallurgical Carbon Mines

Due to safety and performance of Carnegie 1 and Carnegie 2 mines, the Company has been approved by MSHA for an advanced roof control plan reducing estimated costs by an estimated $2.00 per ton. FISHERS,...

4 days ago - Accesswire

American Resources Corporation's Subsidiary, ReElement Technologies LLC, Appoints Daniel Hasler to Board of Directors...

Hasler will join advisory board of ReElement Technologies in meantime and help guide the Company through the growth of the business and spin-off FISHERS, IN / ACCESSWIRE / November 17, 2022 / American R...

3 weeks ago - Accesswire

American Resources Corporation Reports Third Quarter 2022 Financial Results and Provides Business Outlook

The first domestic, commercial producer of separated and high-purity REEs from recycled permanent magnets On track to commercially produce separated and high-purity battery elements from recycled lithiu...

3 weeks ago - Accesswire

American Resources Corporation's ReElement Technology Secures Manufacturing Readiness Grant from Indiana Economic Dev...

The grant is being used to commercialize its first lithium refining (separation and purification) production train for end-of-life batteries, battery manufacturing waste and lithium ores FISHERS, IN / A...

4 weeks ago - Accesswire

Hurry! 7 Pitiful Stocks to Sell Before 2022 Ends

When it comes to certain stocks to sell, being overly optimistic can become a liability. No, this is not a popular topic by any means, usually arousing anger among the investing faithful.

Other symbols: AIUGOLHRTXMARKRCLSRNE
1 month ago - InvestorPlace

American Resources Corporation Provides Update on Strategic Review for Value Creating Events

Announces plan to spin-off ReElement Technologies subsidiary into a standalone public company Announces the repurchase of a 7.5% interest of ReElement Technologies making it again as a wholly owned subs...

1 month ago - Accesswire

American Resources Corporation Receives Approval of Deep Cut Plan at Carnegie 1

Enhanced mine plan enables 30% additional production per shift and reduces maintenance expense at the mine FISHERS, IN / ACCESSWIRE / October 24, 2022 / American Resources Corporation (NASDAQ:AREC) ("Am...

1 month ago - Accesswire

JTC Team to Host Virtual Investor Sustainability Royalty Spotlight Event Featuring American Resources Corporation Spo...

Live moderated video webcast with members of the American Resources and American Acquisition Opportunity Inc. management team on Wednesday, October 12th at 3:00 PM ET FRENCHTOWN, NJ / ACCESSWIRE / Octob...

Other symbols: AMAO
1 month ago - Accesswire

American Resources Corporation Sponsored American Acquisition Opportunity Inc. to Participate in Virtual Investor Sus...

Live moderated video webcast with members of the AMAO Management team on Wednesday, October 12th at 3:00 PM ET FISHERS, IN / ACCESSWIRE / October 10, 2022 / American Resources Corporation (NASDAQ:AREC) ...

Other symbols: AMAO
1 month ago - Accesswire

American Resources Corporation's ReElement Technologies Takes Possession of Initial Battery Element Purification Equi...

Battery element purification is on track to commence initial commercial production within the next 45 days Initial production train will produce isolated and high-purity lithium, cobalt and nickel from ...

2 months ago - Accesswire

American Resources Corporation's ReElement Technologies Adds Battery Industry Veteran Bob Galyen to Advisory Board

Bob Galyen brings 46 years of battery industry experience which includes his time as CTO of CATL, the world's largest manufacturer of lithium batteries with over 84,000 employees FISHERS, IN / ACCESSWIR...

2 months ago - Accesswire

American Resources Corporation's ReElement Technologies and USA Rare Earth Magnets Sign MOU for Offtake to Establish ...

The Combined Relationship Establishes the First Complete Domestic Lifecycle for Rare Earth Magnet Manufacturing in the United States FISHERS, IN / ACCESSWIRE / September 22, 2022 / American Resources Co...

2 months ago - Accesswire

American Resources Corporation to Build 200,000 Square Foot Combined Commercial Scale Lithium Ion Battery and Rare Ea...

New Facility Will Expand To Process 90,000 Tons of Critical Battery Materials (Black Mass) and 5,000 Tons of Rare Earth Magnets Annually by 2025 Site Selection Has Been Narrowed to Controlled Property i...

2 months ago - Accesswire

American Resources Corporation's ReElement Technologies Signs Partnership with RecycleForce

American Resources Has Commercialized the First Commercial Scale Rare Earth Element and Critical Battery Element Facility in the United States RecycleForce Is Leader in Work Force Rehabilitation and Has...

2 months ago - Accesswire

American Resources Corporation to Present at the H.C. Wainwright 24th Annual Global Investment Conference

FISHERS, IN / ACCESSWIRE / September 12, 2022 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of carbon, rare ...

2 months ago - Accesswire

American Resources Corporation's ReElement Technologies to Attend The Battery Show North America

FISHERS, IN / ACCESSWIRE / September 9, 2022 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and...

3 months ago - Accesswire

American Resources Corporation's ReElement Technologies LLC to Participate in Virtual Investor "The Importance of Dom...

Live video webcast presentation on Thursday, September 8th at 1:00 PM ET FISHERS, IN / ACCESSWIRE / September 6, 2022 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company...

3 months ago - Accesswire

Novusterra Acquires Exclusive Rights to Carbon Nanostructure and Graphene Technology

Novusterra has acquired the exclusive patent rights in Graphene and Carbon Nanostructure technology from American Resources Corporation in exchange for $16 million worth of Novusterra Stock Members of A...

3 months ago - Accesswire

American Resources Corporation Sells Exclusive Rights to Carbon Nanostructure and Graphene Patents

American Resources Corporation has agreed to sell their exclusive patent rights in Carbon Nanostructure and Graphene technology to Novusterra Inc. in exchange for $16 Million worth of Novusterra stock M...

3 months ago - Accesswire

American Resources Corporation Announces Board Authorization for Stock Repurchase Program

Up to $10,000,000 of stock is authorized to be repurchased at the discretion of management over the board FISHERS, IN / ACCESSWIRE / August 29, 2022 / American Resources Corporation (NASDAQ:AREC) ("Amer...

3 months ago - Accesswire

American Resources Corporation Expands Non-Dilutive, Growth-Driven Credit Facility for Its American Carbon Division

$15 million credit facility provides access to non-dilutive, growth capital to further expand revenues and cashflow Provides company operational and strategic flexibility to expand production and maximi...

3 months ago - Accesswire

American Resources Corporation Applauds the Inflation Reduction Act's Support for Domestic Critical Mineral Production

The Inflation Reduction Act (IRA) Marks a New Era in Climate Policy With $369 Billion in Incentives To Navigate the Energy Transition IRA Provisions Aim To Bolster Domestic Critical Mineral Production a...

3 months ago - Accesswire

American Resources Corporation Reports Second Quarter 2022 Financial Results and Provides Business Outlook

Record quarterly revenues of $16.2 million represents the best in Company's history with significant expansion opportunities over the balance of the year Company boasts 78% quarter-over-quarter revenue ...

3 months ago - Accesswire

American Resources Corporation Commences Planning and Development on Next Two Metallurgical Carbon Mines

Mines have a low-cost of development and are capable of producing up to 45,000 tons per month Company's McCoy Elkhorn complex has substantial embedded organic growth with its hub and spoke model, existi...

3 months ago - Accesswire

What To Expect From REX American Resources Stock After Stock Split?

REX American Resources stock (NYSE: REX) has lost 1.9% in the last week, underperforming the S&P 500 (up 0.4%).

4 months ago - Forbes