American Resources Corporation (AREC)
| Market Cap | 106.89M |
| Revenue (ttm) | 16.74M |
| Net Income (ttm) | -11.46M |
| Shares Out | 79.18M |
| EPS (ttm) | -0.15 |
| PE Ratio | n/a |
| Forward PE | 36.76 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 242,950 |
| Open | 1.360 |
| Previous Close | 1.390 |
| Day's Range | 1.345 - 1.410 |
| 52-Week Range | 1.040 - 2.160 |
| Beta | 0.41 |
| Analysts | Strong Buy |
| Price Target | 4.13 (+205.93%) |
| Earnings Date | May 13, 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. [Read more]
Financial Performance
In 2023, AREC'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.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for AREC stock is "Strong Buy." The 12-month stock price forecast is $4.13, which is an increase of 205.93% from the latest price.
News
American Resources Corporation's ReElement Technologies Expands Its Exclusive Rights for Rare Earth Element Purification Technology to Include All Feedstocks
Post successful commercialization and production of ultra-pure (99.5%+) rare earth oxides from recycled feedstocks and critical battery minerals from all feedstocks, Purdue University has expanded ReE...
American Resources Corporation's ReElement Technologies Announces April Slate of Conferences and Events
FISHERS, IN / ACCESSWIRE / April 12, 2024 / American Resources Corporation's (NASDAQ:AREC) ("American Resources" or the "Company") ReElement Technologies Corporation ("ReElement"), a leading provider ...
American Resources Corporation Sets Record Date of May 14, 2024 for Special Dividend of American Carbon Corporation Division
American Carbon Corporation has filed a Form 10 registration statement to prepare for a public listing which is currently under review by the Securities and Exchange Commission American Resources is d...
American Resources Corporation's American Carbon Corporation Receives Additional $1,055,780 in Environmental Bond Releases
As part of strategic direction, the Company is focused on reducing long term liabilities from acquired assets to lower costs and improve the environment Company has previously received bond releases o...
American Resources Corporation's American Carbon Corporation Provides Updated Rare Earth Analysis From West Virginia Project
Total grade of rare earth and critical minerals exceed 550 ppm from its Wyoming County, WV property as certified by an independent third-party lab Critical and rare earth minerals will be concentrated...
American Resources Corporation Reports Full Year 2023 Financial Results and Provides Business Outlook
Company successfully executed and closed $150 million tax exempt bond offering for the Company's Kentucky Lithium refining facility The first domestic, commercial producer of separated and high-purity...
American Resources Corporation's ReElement Technologies Announces Successful Execution and Closing of Bond Purchase Agreement for $150 Million of Kentucky Industrial Building Revenue Bonds for its Kentucky Lithium Refinery
$150 million Tax-Exempt, Industrial Building Revenue Bonds will fund the development and operational commissioning of the United States' first-of-its-kind lithium processing and refining facility in K...
American Resources Corporation's ReElement Technologies Partners with Domestic Auto Manufacturer To Establish Circular Economy for Rare Earth Magnets
ReElement Technologies has signed agreements to recycle EV motor components from leading domestic auto manufacturer ReElement will recycle rare earth elements within EV motors back to ultra-pure rare ...
American Resources Corporation to Report Fourth Quarter and Full Year 2023 Financial Results on March 28, 2024
Company to host conference call on Thursday, March 28th at 4:30 PM ET FISHERS, IN / ACCESSWIRE / March 20, 2024 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), ...
American Resources Corporation Issues Corrected Press Release for the Appoint of His Excellency Baba Kamara to the Board of Directors of ReElement Technologies Africa Ltd. Subsidiary
Joining in his individual capacity, Kamara is a former Ghanaian National Security Advisor and current high-level official for Economic Community of West African States (ECOWAS) Served as Ghana's Ambas...
American Resources Corporation's ReElement Technologies Appoints His Excellency Baba Kamara to Board of Directors of ReElement Technologies Africa Ltd. Subsidiary
Former Ghanaian National Security Advisor and current high-level official for Economic Community of West African States (ECOWAS) Served as Ghana's Ambassador to the country of Nigeria; one of the larg...
American Resources Corporation's ReElement Technologies Joins Forces With EDP Renewables to Pioneer Sustainable Rare Earth Magnet Recycling
Parties will collaborate to recycle rare-earth permanent magnets from decommissioned wind turbines through the Close the Loop Program Partnership synthesizes industry leaders to set a new standard for...
American Resources Corporation's Board of Directors Approves ReElement Technologies Corporation's Proposed Term Sheet From Investment Fund
Term sheet represents a $300,000,000 valuation for ReElement Technologies and up to $50,000,000 investment round Certain members of management agree to coinvest in the round with a commitment of great...
American Resources Corporation Adjusts the Record Date for Special Dividend of its Holdings in Novusterra Inc.
FISHERS, IN / ACCESSWIRE / March 5, 2024 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and c...
ReElement Technologies Corporation Enters Into Purified Rare Earth Oxide Sales Agreement
ReElement Technologies' patented process produces high purity rare earth oxides from recycled permanent magnets, returning the elements back to magnet grade materials The Company is currently scaling ...
American Resources Corporation's ReElement Technologies Announces March Slate of Conferences
FISHERS, IN / ACCESSWIRE / March 1, 2024 / American Resources Corporation's (NASDAQ:AREC) ("American Resources" or the "Company") ReElement Technologies Corporation ("ReElement"), a leading provider o...
American Resources Corporation Sets Record Date of March 6, 2024 for Special Dividend of Its Holdings in Novusterra Inc.
Novusterra has filed an S1 registration statement to prepare for a public listing which is currently under review by the Securities and Exchange Commission American Resources is distributing 1 share o...
American Resources Corporation's Affiliated Company, Novusterra Inc., Announces Strategic Partnership with Kenai Defense, Texas Tech University, to Support U.S. Army Objectives
Novusterra's patented technology will be further developed and implemented through a research and development investment by the United States Army FISHERS, IN / ACCESSWIRE / February 13, 2024 / Americ...
Novusterra Inc. Announces Strategic Partnership with Kenai Defense, Texas Tech University, to Support U.S. Army Objectives
Novusterra's patented technology will be further developed and implemented through a research and development investment by the United States Army. FISHERS, IN / ACCESSWIRE / February 12, 2024 / Novus...
American Resources Corporation's American Carbon Corporation Completes Strategic Acquisition of 51% Interest in Iron Ore and Titanium Assets
Jamaican-based resource deposit further establishes American Carbon's foothold in the steelmaking supply chain for infrastructure development and expansion Acquisition of mineral deposit and exclusive...
American Resources Corporation's ReElement Technologies Announces February Slate of Conferences
FISHERS, IN / ACCESSWIRE / February 1, 2024 / American Resources Corporation's (NASDAQ:AREC) ("American Resources" or the "Company") ReElement Technologies Corporation ("ReElement"), a leading provide...
American Resources Corporation's ReElement Technologies Executes MOU with Battery Damage Service GmbH
Parties will collaborate to support a complete and EU-compliant, life-cycle solution for lithium-based batteries deployed in the EU marketplace Second MOU executed by ReElement to refine recycled blac...
American Resources Corporation's ReElement Technologies Executes MOU with Afrivolt Pty Ltd to Establish a Comprehensive Closed-Loop African Battery & EV Supply Chain
Parties will collaborate to support the construction of African lithium-ion cell manufacturing plants or "gigafactories" within the African markets ReElement to support Afrivolt's construction of comp...
American Resources Corporation's ReElement Technologies Engages Law Firm Alexander & Partner for Formation of ReElement Ghana
Law firm Alexander & Partner Rechtsanwälte mbB has strong representation in key markets for ReElement including Ghana, Nigeria, Senegal and Germany ReElement Technologies Ghana LLC will initially be w...
American Resources Corporation's ReElement Technologies Executes MOU for Initial Offtake of LFP Black Mass with Duesenfeld GmbH
The partnership includes regular deliveries of high quality LFP black mass, Duesenfeld Black®, for ReElement to refine back to battery-grade products The Duesenfeld battery shredding system for lithiu...