23-Oct-2024
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ACCESSWIRE (Thu, 17-Oct 10:18 AM ET)
ACCESSWIRE (Tue, 15-Oct 9:03 AM ET)
ACCESSWIRE (Mon, 14-Oct 8:01 AM ET)
ACCESSWIRE (Thu, 10-Oct 4:00 AM ET)
ACCESSWIRE (Wed, 9-Oct 8:21 AM ET)
ACCESSWIRE (Tue, 8-Oct 8:45 AM ET)
ACCESSWIRE (Tue, 1-Oct 8:02 AM ET)
ACCESSWIRE (Mon, 30-Sep 9:35 AM ET)
Business Wire (Thu, 26-Sep 8:47 AM ET)
American Resources Corp is a next-generation, environmentally, and socially responsible supplier of high-quality raw materials to the new infrastructure market. The firm is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. The firm has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated. Its business model provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets.
American Resources - Class A trades on the NASDAQ stock market under the symbol AREC.
As of October 23, 2024, AREC stock price declined to $1.01 with 149,908 million shares trading.
AREC has a beta of 1.84, meaning it tends to be more sensitive to market movements. AREC has a correlation of 0.07 to the broad based SPY ETF.
AREC has a market cap of $78.20 million. This is considered a Micro Cap stock.
Last quarter American Resources - Class A reported $4,095 in Revenue and -$.09 earnings per share. This fell short of revenue expectation by $-2 million and missed earnings estimates by -$.02.
In the last 3 years, AREC traded as high as $3.56 and as low as $.41.
The top ETF exchange traded funds that AREC belongs to (by Net Assets): VTI, VXF, IWC.
AREC has underperformed the market in the last year with a return of -30.8%, while SPY returned +38.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AREC shares. However, AREC has outperformed the market in the last 3 month and 2 week periods, returning +56.1% and +5.0%, while SPY returned +4.5% and +0.8%, respectively. This indicates AREC has been having a stronger performance recently.
AREC support price is $.95 and resistance is $1.09 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AREC shares will trade within this expected range on the day.