American Resources Responds To Recent Market Volatility In Its Stock Price And False Information Posted In Certain Online Chat Rooms Stating It Is Issuing 20M Shares At $0.48 Per Share; CEO Mark Jensen Says "We Can Definitively State That The Recent Comments Alleging American Resources Is Raising Equity Capital At $0.48 Are Entirely False"
Portfolio Pulse from Benzinga Newsdesk
American Resources Corporation (NASDAQ: AREC) has responded to recent market volatility and false information circulating in online chat rooms about the company issuing 20 million shares at $0.48 per share. CEO Mark Jensen has denied these claims and stated that the company is taking legal action and notifying regulators.
June 14, 2024 | 1:04 pm
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American Resources Corporation (NASDAQ: AREC) has denied false claims about issuing 20 million shares at $0.48 per share. The company is taking legal action and notifying regulators about the false information and resulting market volatility.
The denial of false claims and the company's proactive legal and regulatory actions are likely to stabilize or positively impact the stock price in the short term as investor confidence is restored.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100