AREC Stock Summary and Trading Ideas (American Resources - Class A | NASDAQ:AREC)

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 April 17, 2024, AREC stock price declined to $1.36 with 34,647 million shares trading.

AREC has a beta of 0.31, meaning it tends to be less sensitive to market movements. AREC has a correlation of 0.00 to the broad based SPY ETF.

AREC has a market cap of $107.68 million. This is considered a Micro Cap stock.

Last quarter American Resources - Class A reported $66,404 in Revenue and -$.15 earnings per share. This fell short of revenue expectation by $-2 million and missed earnings estimates by -$.11.

In the last 3 years, AREC stock traded as high as $4.22 and as low as $1.04.

The top ETF exchange traded funds that AREC belongs to (by Net Assets): VTI, VXF, IWC, COAL.

AREC has underperformed the market in the last year with a return of +7.1%, while the SPY ETF gained +23.0%. In the last 3 month period, AREC fell short of the market, returning -6.8%, while SPY returned +5.7%. However, in the most recent 2 weeks AREC has outperformed the stock market by returning +2.3%, while SPY returned -3.5%.

AREC support price is $1.33 and resistance is $1.44 (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 stock will trade within this expected range on the day.