In yesterday’s Wall Street session, American Resources Corporation (NASDAQ:AREC) shares traded at $1.46, down -2.67% from the previous session.
As of this writing, 2 analysts cover American Resources Corporation (NASDAQ:AREC). The consensus rating among analysts is ‘Buy’. AREC stock price is now 0.94% away from the 50-day moving average and -26.16% away from the 200-day moving average. The market capitalization of the company currently stands at $97.63M.
There are 0 analysts who have given it a hold rating, whereas 2 have given it a buy rating.
In other news, Jensen Mark C., Chief Executive Officer bought 5,000 shares of the company’s stock on Jan 10. The stock was bought for $6,968 at an average price of $1.39. Upon completion of the transaction, the Chief Executive Officer now directly owns 5,179,896 shares in the company, valued at $7.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 23, Chief Financial Officer Taylor Kirk Patrick bought 1,000 shares of the business’s stock. A total of $1,629 was incurred on buying the stock at an average price of $1.63. This leaves the insider owning 1,622,383 shares of the company worth $2.37 million. A total of 25.79% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AREC stock. A new stake in American Resources Corporation shares was purchased by EAM INVESTORS, LLC during the first quarter worth $1,508,000. ESSEX INVESTMENT MANAGEMENT CO LLC invested $1,187,000 in shares of AREC during the first quarter. In the first quarter, EAM GLOBAL INVESTORS LLC acquired a new stake in American Resources Corporation valued at approximately $764,000. RUSSELL INVESTMENTS GROUP, LTD. acquired a new stake in AREC for approximately $401,000. MILLENNIUM MANAGEMENT LLC purchased a new stake in AREC valued at around $369,000 in the second quarter. In total, there are 38 active investors with 17.20% ownership of the company’s stock.
Monday morning saw American Resources Corporation (NASDAQ: AREC) opened at $1.5200. During the past 12 months, American Resources Corporation has had a low of $1.15 and a high of $3.56. The fifty day moving average price for AREC is $1.4464 and a two-hundred day moving average price translates $1.9772 for the stock.
The latest earnings results from American Resources Corporation (NASDAQ: AREC) was released for Jun, 2022. According to the Thermal Coal Company, earnings per share came in at -$0.04, beating analysts’ expectations of -$0.05 by 0.01. This compares to -$0.15 EPS in the same period last year. The net profit margin was -53.30% and return on equity was 428.00% for AREC. The company reported revenue of $9.51 million for the quarter, compared to $2.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 237.95 percent. For the current quarter, analysts expect AREC to generate $21.3M in revenue.
American Resources Corporation(AREC) Company Profile
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.