American Resources Corporation (AREC)
| Market Cap | 104.02M |
| Revenue (ttm) | 25.04M |
| Net Income (ttm) | 2.73M |
| Shares Out | 78.21M |
| EPS (ttm) | 0.01 |
| PE Ratio | 132.00 |
| Forward PE | 33.78 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 140,591 |
| Open | 1.32 |
| Previous Close | 1.33 |
| Day's Range | 1.28 - 1.34 |
| 52-Week Range | 1.04 - 3.00 |
| Beta | 0.26 |
| Analysts | Strong Buy |
| Price Target | 4.25 (+221.97%) |
| Earnings Date | Nov 14, 2023 |
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. The company was founded in 2006 and is headquartered in Fishers, Indiana. [Read more]
Financial Performance
In 2022, AREC's revenue was $39.47 million, an increase of 409.00% compared to the previous year's $7.76 million. Losses were -$1.45 million, -95.55% less than in 2021.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for AREC stock is "Strong Buy." The 12-month stock price forecast is $4.25, which is an increase of 221.97% from the latest price.
News
American Resources Corporation's ReElement Technologies Secures $46 Million in Local Incentives for Lithium-Ion Battery and Rare Earth Element Recycling Campus
Marion, Indiana has approved $46 million of local incentives for Company's 42-acre critical mineral refining campus for battery-grade lithium and magnet-grade rare earth elements First fully integrate...
Aridis Pharmaceuticals, Inc., Genetic Technologies Limited, and American Resources Corporation Interviews to Air on the RedChip Money Report(R) on Bloomberg TV
ORLANDO, FL / ACCESSWIRE / September 15, 2023 / RedChip Companies will air interviews with Aridis Pharmaceuticals, Inc. (OTC:ARDS), Genetic Technologies Limited (ASX:GTG; NASDAQ:GENE), and American Re...
American Resources Corporation Appoints Josh Hawes as Independent Director
Well-established visionary leader in capital markets and strategy Former Chief Strategy Officer of USA Rare Earth where he successfully led capital raising efforts, organizational growth and market pe...
American Resources Corporation's ReElement Technologies Expands Executive Team with Appointment of Ben Wrightsman as President
Well-established leader in the battery sector brings significant industry, operational and commercial expertise Former CEO of Battery Innovation Center (BIC) of Indiana where he successfully led it fr...
American Resources Corp. and Graphex Group Interviews to Air on the RedChip Money Report(R) on Bloomberg TV
ORLANDO, FL / ACCESSWIRE / August 18, 2023 / RedChip Companies will air interviews with American Resources Corporation (Nasdaq:AREC) and Graphex Group Limited (NYSE American:GRFX) on The RedChip Money...
American Resources Corporation Reports Second Quarter 2023 Financial Results and Provides Business Outlook
Company is executing on the monetization of its carbon platform receiving non-binding letters of intent (LOI) to sell the remaining assets of American Carbon and executing a LOI to sell Deane Mining L...
American Resources Corporation Names Tarlis Thompson as CEO of American Carbon's Mining Division
Tarlis Thompson has moved up in the ranks since joining the Company in 2015 and has demonstrated exemplary leadership and compassion while positioning and growing the carbon platform FISHERS, IN / ACC...
American Resources Corporation's ReElement Technologies Produces Ultra-High Purity, 99.99%, Battery-Grade Lithium from LFP Manufacturing Waste
Patented Multi-Mode Chromatography technology has been scaled up and achieved better than expected separation and purification results from commercial operation Multi-Mode Chromatography technology sc...
American Resources Corporation's ReElement Technologies Set to Present at NAATBatt, the Premiere Trade Association for Advanced Battery Technology
Mark Jensen to Participate in NAATBatt Lithium Battery Recycling Workshop's Panel: Solutions for Recycling LFP FISHERS, IN / ACCESSWIRE / August 8, 2023 / American Resources Corporation (NASDAQ:AREC) ...
American Resources Corporation to Report Second Quarter 2023 Financial Results on August 14, 2023
Company to host conference call on Monday, August 14th at 4:30 PM ET FISHERS, IN / ACCESSWIRE / August 7, 2023 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a...
American Resources Corporation Enters into a Binding Letter of Intent to Sell Assets Associated to Its Deane Mining Complex
Offer represents a $20.6 million enterprise value in the form of upfront cash, royalty interest and replacement of environmental reclamation bonds FISHERS, IN / ACCESSWIRE / August 3, 2023 / American ...
JTC Team to Host Two Virtual Investor Spotlight Events on Thursday, July 27th
Live video webcasts with moderated interactive discussion with American Resources Corporation (NASDAQ:AREC) and GRI Bio (NASDAQ:GRI), respectively FRENCHTOWN, NJ / ACCESSWIRE / July 26, 2023 / JTC Tea...
American Resources Corporation to Present at the Virtual Investor Spotlight with Advanced Magnet Lab, Inc.
Live moderated video webcast on Thursday, July 27th at 11:00 AM ET FISHERS, IN / ACCESSWIRE / July 24, 2023 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a ne...
American Resources Corporation's ReElement Technologies Appoints Automotive and EV Industry Veteran Alex Hitzinger to Its Technical Advisory Board
Well established industry expert with extensive experience including Toyota Motorsport, Apple's Titan electric car project, Red Bull Technology, Porsche LMP1 Project and Volkswagen Group FISHERS, IN /...
American Resources Corporation's ReElement Technologies Selects Location for Its Next Critical Mineral Refining Facility in Marion, Indiana
Site includes 42 acres with approximately 425,000 square feet currently under roof, with ability to expand to 675,000 square feet of purified rare earth and critical mineral production Site will produ...
American Resources Corporation to Participate in the Virtual Investor Summer Spotlight Series
Live moderated video webcast on Wednesday, July 12th at 2:00 PM ET FISHERS, IN / ACCESSWIRE / July 10, 2023 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a ne...
American Resources Corporation's ReElement Technologies Investment and Offtake Partner Advanced Magnet Lab Inc. Receives Notice of Allowance for Patent for Novel Method of Manufacturing Permanent Magnets with Powder-in-Tube Process
Advanced Magnet Lab, Inc. (AML) has developed a novel and innovative approach to manufacturing magnets that contain both rare earth and non-rare earth elements FISHERS, IN / ACCESSWIRE / June 30, 2023...
American Resources Corporation Receives Unsolicited Bid for American Carbon for Up To $260 Million in Total Enterprise Value
Strategic Committee and members of the Board of Directors determine the proposed structure and duration of payments of the unsolicited proposal does not achieve the best interests of American Resource...
American Resources Corporation Funds Initial Shipments of Lithium Ores and Provides Update on Ore Processing Site Selection
Initial shipment of lithium ore feedstock has been funded and being shipped as part of overall offtake partnership from South African sources ReElement will develop initial processing capacity in the ...
American Resources Corporation to Participate at the 2023 Global Honeywell Users Group (HUG) Event: Optimizing Transformation
Kirk Taylor, American Resources' CFO to Moderate "How Does Battery Energy Storage Help?" Roundtable ReElement Technologies' independent director, Bob Galyen, to give keynote address FISHERS, IN / ACCE...
American Resources Corporation to Present at the Virtual Investor Spotlight on American Resources' US / African Supply Chain For Critical Minerals Using the Three "E's" (Ethics, Economic and Environmental)
Live moderated video webcast on Monday, June 12th at 12:00 PM ET FISHERS, IN / ACCESSWIRE / June 9, 2023 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next ...
American Resources Corporation Announces Successful Closing of $45 Million West Virginia Economic Development Authority Solid Waste Disposal Facility Revenue Bond Issuance
$45 million Tax-Exempt Industrial Development Bonds will fund the expansion and technological improvements to the existing metallurgical carbon processing facility as well as the integration and const...
American Resources inks agreement to purchase lithium spodumene ores in South Africa for further refining
(Kitco News) - American Resources (NASDAQ: AREC) today announced that it has entered into the first stage of a South African partnership through the signing of an offtake agreement to purchase 6%+ lit...
American Resources Corporation Enters into Long Term Lithium Spodumene Purchase Agreement in South Africa
Initial phase of agreement will procure 5,000 metric tons of lithium spodumene ore per month, and later phase expected to increase to over 20,000 metric tons per month from two lithium mining concessi...
American Resources Corporation's Integrated Rare Earth, Critical Element and Metallurgical Carbon Processing Facility Signs Bond Purchase Agreement for $45,000,000
Wyoming County Coal set to be the first commercial producer of rare earth and critical elements from carbon waste streams $45 million Tax-Exempt Industrial Development Bonds will fund the expansion an...