Streetbeat News

AREC

American Resources Corporation

https://www.americanresourcescorp.com

Industry

Coal

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.

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American Resources plans to spin off ReElement Technologies and American Infrastructure by the end of 2024, focusing on expanding critical mineral refining and securing partnerships.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 8:22 pm

American Resources Corporation's shares are declining following the release of disappointing Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 8:18 pm

American Res (NASDAQ:AREC) reported a Q2 EPS of $(0.09), missing the $(0.07) estimate, and sales of $4.09K, missing the $2.05M estimate. Sales decreased by 99.79% from last year.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 8:17 pm

EF Hutton analyst Jesse Sobelson maintains a Buy rating on American Resources Corporation (NASDAQ:AREC) but lowers the price target from $5 to $4.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 6:41 pm

American Resources Corporation's subsidiary, American Metals LLC, has completed a business combination with AI Transportation Acquisition Corp, valuing the combined company at $170 million. American Metals aims to expand its preprocessing of end-of-life magnets, lithium-ion batteries, and ferrous metals to ensure a domestic supply chain for various materials.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 12:14 pm

American Resources shares are trading higher following the company's response to recent market volatility and online information.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 3:54 pm

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.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 1:04 pm

EF Hutton has initiated coverage on American Res (NASDAQ:AREC) with a Buy rating and a price target of $5.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:27 pm

Roth MKM analyst Mike Niehuser maintains a Buy rating on American Resources Corporation (NASDAQ:AREC) with a $5 price target.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 3:05 pm

American Resources Corporation (NASDAQ: AREC) reported a Q1 2024 GAAP EPS of $(0.03), beating the analyst estimate of $(0.06). However, sales were $94.019K, missing the $100K estimate and showing a significant decrease from $8.868M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 8:16 pm

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