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American Resources Corporation (AREC)

NASDAQ: AREC · IEX Real-Time Price · USD
1.94 0.00 (0.00%)
Sep 24, 2021 2:28 PM EDT - Market open
Market Cap116.52M
Revenue (ttm)712,377
Net Income (ttm)-21.34M
Shares Out60.06M
EPS (ttm)-0.53
PE Ration/a
Forward PE400.00
Dividendn/a
Ex-Dividend Daten/a
Volume834,607
Open1.92
Previous Close1.94
Day's Range1.86 - 1.94
52-Week Range1.26 - 8.02
Beta-10.50
AnalystsBuy
Price Target4.00 (+106.2%)
Est. Earnings DateOct 28, 2021

About AREC

American Resources Corporation supplies raw materials for the global infrastructure marketplace. The company offers metallurgical coal and coal used in pulverized coal injection that are essential building blocks in the steel manufacturing process. It has a portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia. The company was founded in 2006 and is headquartered in Fishers, Indiana.

IndustryOil, Gas & Consumable Fuels
IPO DateFeb 15, 2019
Employees11
Stock ExchangeNASDAQ
Ticker SymbolAREC
Full Company Profile

Financial Performance

In 2020, AREC's revenue was $1.06 million, a decrease of -95.67% compared to the previous year's $24.48 million. Losses were -$10.26 million, -85.54% less than in 2019.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for AREC stock is "Buy." The 12-month stock price forecast is 4.00, which is an increase of 106.19% from the latest price.

Price Target
$4.00
(106.19% upside)
Analyst Consensus: Buy

News

American Resources Corporation Engages Industry Expert for Rare Earth Element Collection and Analysis

Rodney Campbell brings industry leading expertise to assist with the Company's Capture process and technologies in analyzing controlled feedstocks of rare earth elements (REEs) FISHERS, IN / ACCESSWIRE ...

1 week ago - Accesswire

REX American Resources (REX) Sees Hammer Chart Pattern: Time to Buy?

REX American Resources (REX) has been struggling lately, but the selling pressure may be coming to an end soon.

1 week ago - Zacks Investment Research

American Resources Corporation to Present at the H.C. Wainwright 23rd Annual Global Investment Conference

FISHERS, IN / ACCESSWIRE / September 10, 2021 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company a next generation and socially responsible supplier of raw materials to...

2 weeks ago - Accesswire

American Resources Corporation Selected as a Member in U.S. Department of Energy Contract to Assess Critical and Rare...

Department of Energy has awarded multifaceted award to consortium to identify rare earth elements (REEs) from carbon-based deposits Program is to support the establishment of a domestic supply chain for...

4 weeks ago - Accesswire

American Resources Selects Site In Noblesville, Indiana For New Commercial Scale Facility

American Resources Corp (NASDAQ: AREC) has finalized its site selection to build its first commercial-scale rare earth element purification and isolation facility in the U.S. The chosen site is based in...

1 month ago - Benzinga

American Resources Corporation Finalizes Site Selection for Chromatography Rare Earth Element Isolation and Purificat...

The operation will be one of the first and only commercial scale facility able to purify and isolate rare earth elements in the United States Company's chromatography process utilizes the most environme...

1 month ago - Accesswire

American Resources Corporation (AREC) Reports Q2 Loss, Lags Revenue Estimates

American Resources Corporation (AREC) delivered earnings and revenue surprises of -116.67% and -97.60%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for th...

1 month ago - Zacks Investment Research

American Resources Corporation Reports Second Quarter 2021 Financial Results and Provides Business Outlook

Company aligned with major U.S. priorities in both infrastructure and electrification Significant execution over the first half of the year has positioned the Company to be a low-cost, stable provider o...

1 month ago - Accesswire

American Resources Corporation to Report Second Quarter of 2021 Earnings on August 16, 2021

FISHERS, IN / ACCESSWIRE / August 11, 2021 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of raw materials to...

1 month ago - Accesswire

American Resources Corporation to Present at Jefferies Industrial Conference

Presentation by CEO Mark Jensen with live video webcast on Tuesday, August 3 at 2:00 PM ET FISHERS, IN / ACCESSWIRE / July 29, 2021 / American Resources Corporation (NASDAQ:AREC) ("American Resources" o...

1 month ago - Accesswire

American Resources Corporation Expands Rare Earth Team with Appointment of Seasoned Executive

Jeff Peterson joins the Company to bolster commercialization development of its rare earth element processing and broaden its sustainable feedstock sources FISHERS, IN / ACCESSWIRE / July 20, 2021 / Ame...

2 months ago - Accesswire

American Resources Corporation (AREC) May Report Negative Earnings: Know the Trend Ahead of Q2 Release

American Resources Corporation (AREC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

American Resources Corporation Bolsters Rare Earth Element Electrolysis Processing Technology Equipment

Company expands equipment functionality to enhance productivity of its mobile rare earth element processing plant Sponsored research partnership with Texas Tech University advancing the Company's electr...

2 months ago - Accesswire

American Resources Corporation Further Develops Aftermarket Distribution Channels for Waste Permanent Magnets and Bat...

Company picks up first waste wind turbine motors and generators to be recycled for rare earth elements Waste magnets and batteries are being processed using the Company's environmentally safe LAD Chroma...

3 months ago - Accesswire

American Resources Corporation Added to Membership of Russell Microcap(R) Index

FISHERS, IN / ACCESSWIRE / June 14, 2021 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of raw materials to t...

3 months ago - Accesswire

New Strong Sell Stocks for June 10th

AREC, RNLSY, and SWTX have been added to the Zacks Rank #5 (Strong Sell) List on June 10, 2021.

Other symbols:RNLSYSWTX
3 months ago - Zacks Investment Research

American Resources Corporation Announces Closing of $30.1 Million Registered Direct Offering Priced At-The-Market

FISHERS, IN / ACCESSWIRE / June 9, 2021 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of raw materials to th...

3 months ago - Accesswire

7 Reddit Penny Stocks to Buy if You Have $100 to Spare

Reddit penny stocks are full of risk and reward, which is why $100 won't hurt you, but it can reward you handsomely. The post 7 Reddit Penny Stocks to Buy if You Have $100 to Spare appeared first on Inv...

3 months ago - InvestorPlace

Reddit Penny Stocks to Watch in 2021? Here's 4 For Your List

Penny stocks on Reddit are seeing increased momentum; which small-caps are you watching? The post Reddit Penny Stocks to Watch in 2021?

Other symbols:ASXCLKCOUXIN
3 months ago - PennyStocks

American Resources Corporation Announces Pricing of $30.1 Million Registered Direct Offering Priced At-The-Market

FISHERS, IN / ACCESSWIRE / June 7, 2021 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of raw materials to th...

3 months ago - Accesswire

American Resources Corporation Succeeds in Achieving 99.5% Purity Rare Earth Element (Neodymium) from Waste Magnets

Sponsored research partnership with Purdue University demonstrates success in achieving high purity and isolated rare earth elements Company's environmentally safe LAD Chromatography technology achieves...

3 months ago - Accesswire

American Resources Corporation Interview to Air on Bloomberg Television U.S. on the RedChip Money Report(R)

FISHERS, IN / ACCESSWIRE / May 21, 2021 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of raw materials to th...

4 months ago - Accesswire

8 Reddit Penny Stocks That May Withstand the Market Maelstrom

Looming uncertainty may be bad news for most Reddit penny stocks, but these eight may hold onto their gains, or head higher, from here. The post 8 Reddit Penny Stocks That May Withstand the Market Maels...

4 months ago - InvestorPlace

American Resources ends busy 1Q with strengthened balance sheet and $11.2M in cash

American Resources Corporation (NASDAQ:AREC) revealed its 1Q results that showed a strengthened balance sheet and capital structure with $11.2 million in cash. The US energy company paid off or converte...

4 months ago - Proactive Investors

American Resources secures project manager for 2kW mobile electrolytic cell rare earth processing plant

American Resources Corporation (NASDAQ:AREC) said it has secured a project manager to oversee the building phase and implementation of its 2kW mobile electrolytic cell rare earth element (REE) processin...

4 months ago - Proactive Investors