American Resources Corporation (AREC)

NASDAQ: AREC · IEX Real-Time Price · USD
0.710
+0.023 (3.32%)
Jul 16, 2024, 11:51 AM EDT - Market open
3.32%
Market Cap 55.46M
Revenue (ttm) 7.97M
Net Income (ttm) -14.58M
Shares Out 79.18M
EPS (ttm) -0.19
PE Ratio n/a
Forward PE 36.76
Dividend n/a
Ex-Dividend Date n/a
Volume 163,197
Open 0.730
Previous Close 0.687
Day's Range 0.690 - 0.750
52-Week Range 0.591 - 2.050
Beta 0.31
Analysts Strong Buy
Price Target 4.42 (+522.89%)
Earnings Date Aug 12, 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]

Industry Coking Coal
Sector Materials
IPO Date Feb 15, 2019
Employees 26
Stock Exchange NASDAQ
Ticker Symbol AREC
Full Company Profile

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 Statements

Analyst Forecast

According to 3 analysts, the average rating for AREC stock is "Strong Buy." The 12-month stock price forecast is $4.42, which is an increase of 522.89% from the latest price.

Price Target
$4.42
(522.89% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

American Resources Corporation's ReElement Technologies Corporation and Jupiter Lithium Limited Sign Joint Development Agreement to Commercialize World Class Nigerian Lithium Deposit

The Jupiter Critical Minerals Project is a Significant Lithium Deposit set to become Nigeria's Flagship Lithium Mine FISHERS, IN / ACCESSWIRE / July 12, 2024 / American Resources Corporation's (NASDAQ...

4 days ago - Accesswire

American Resources Corporation (NASDAQ:AREC) Participates in Virtual Investor CEO Connect Segment

Click here to watch the American Resources CEO Connect segment FISHERS, IN / ACCESSWIRE / July 10, 2024 / American Resources Corporation's (NASDAQ:AREC) ("American Resources" or the "Company"), a next...

6 days ago - Accesswire

American Resources Corporation Signs Methane Capture and Carbon Credit Agreement

Agreement will help reduce discharge of methane gas that was created by prior mine operators No capital investment required by the Company will result in improved safety of the mine as American Carbon...

14 days ago - Accesswire

American Resources Corporation's American Metals LLC Executes Business Combination Agreement with Nasdaq-Listed AI Transportation Acquisition Corp

~ The proposed transaction represents a total equity value of USD 170 million for the combined company on a pro forma basis ~ ~ American Metals LLC, a cutting-edge recycler of metals for the electrifi...

15 days ago - Accesswire

American Resources Corporation Responds to Market Volatility

FISHERS, IN / ACCESSWIRE / June 14, 2024 / American Resources Corporation's (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and...

4 weeks ago - Accesswire

American Resources Corporation Adjusts the Distribution Date for the Special Dividend of its Subsidiary American Carbon Corporation

FISHERS, IN / ACCESSWIRE / June 10, 2024 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and c...

5 weeks ago - Accesswire

American Resources Corporation to Report First Quarter 2024 Financial Results on May 21, 2024

Company to host conference call on Tuesday, May 21st at 4:30 PM ET FISHERS, IN / ACCESSWIRE / May 17, 2024 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a nex...

2 months ago - Accesswire

American Resources Corporation's ReElement Technologies Corporation Has Been Approved and Accepted as Member in Defense Industrial Base Consortium

The Defense Industrial Base Consortium aims to diversify and expand a robust and resilient defense industrial base to meet national security needs FISHERS, IN / ACCESSWIRE / May 17, 2024 / American Re...

2 months ago - Accesswire

American Resources Corporation's ReElement Technologies Successfully Refines Lithium Brine Feedstock Through its Powered By ReElement Service Offering

Lithium brine feedstocks provides abundant opportunities to collaborate with innovative partners across the critical battery mineral supply chain Powered by ReElement is a value-added offering for spe...

2 months ago - Accesswire

CORRECTION: American Resources Corporation Adjusts the Record Date for Special Dividend of its Holdings in American Carbon Corporation

This press release serves to replace the one issued previously today FISHERS, IN / ACCESSWIRE / May 13, 2024 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a n...

2 months ago - Accesswire

American Resources Corporation Adjusts the Record Date for Special Dividend of its Holdings in American Carbon Corporation

FISHERS, IN / ACCESSWIRE / May 13, 2024 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and cr...

2 months ago - Accesswire

American Resources Corporation's ReElement Technologies and LVC Global Join Forces to Revolutionize Sustainable Metal Refining and Recycling in Africa

LVC GLOBAL optimizes opportunity flow by creating structured, well-managed revenue-generating platforms positioned to scale within dynamic international marketplaces ReElement utilizes a groundbreakin...

2 months ago - Accesswire

American Resources Corporation Engages GBQ Partners LLC as Independent Registered Public Accounting Firm

FISHERS, IN / ACCESSWIRE / March 10, 2024 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and ...

2 months ago - Accesswire

American Resources Corporation's ReElement Technologies Announces May Slate of Conferences and Events

FISHERS, IN / ACCESSWIRE / May 7, 2024 / American Resources Corporation's (NASDAQ:AREC) ("American Resources" or the "Company") ReElement Technologies Corporation ("ReElement"), a leading provider of ...

2 months ago - Accesswire

American Resources Corporation's ReElement Technologies Brings Rare Earth Element and Lithium Production Back to the United States with Receipt of Certificate of Occupancy for Marion, Indiana Supersite

ReElement's Marion Indiana supersite is a 42-acre campus with over 425,000 square feet under roof that will reduce the stronghold China has on rare earth element and lithium refining Phase 1 capacity ...

2 months ago - Accesswire

American Resources Corporation's ReElement Technologies Launches Powered By ReElement Service Offering

Powered by ReElement is a value-added offering for specific separation and purification of critical and rare earth elements optimizing existing solvent or hydrometallurgical facilities ReElement estab...

3 months ago - Accesswire

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...

3 months ago - Accesswire

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 ...

3 months ago - Accesswire

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...

3 months ago - Accesswire

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...

3 months ago - Accesswire

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...

3 months ago - Accesswire

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...

Other symbols: RMCO
3 months ago - Accesswire

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...

3 months ago - Accesswire

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 ...

4 months ago - Accesswire

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"), ...

4 months ago - Accesswire