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.

Open

0.95

Mkt cap

70M

Volume

485K

High

1.04

P/E Ratio

-4.74

52-wk high

1.86

Low

0.84

Div yield

N/A

52-wk low

0.41

American Resources Corporation (AREC) held its Q3 2024 earnings call, discussing financial results and company updates. Key participants included company executives and investors from Merrill Lynch, KBB Asset Management, and Berthel Fisher & Company Financial Services.

Portfolio Pulse from

November 15, 2024 | 4:30 am

American Resources Corporation (AREC) reported a Q3 loss of $0.13 per share, which was larger than the expected loss of $0.10 per share. However, the company exceeded revenue estimates.

Portfolio Pulse from

November 15, 2024 | 12:00 am

American Resources Corporation (NASDAQ:AREC) is transforming from a metallurgical carbon business to a rare earth and critical mineral refining platform, marking a significant energy transformation.

Portfolio Pulse from

November 14, 2024 | 11:00 pm

American Resources Corporation (NASDAQ:AREC) reported its Q3 2024 financial results and provided a business outlook. The company is a leading producer of rare earth elements and is expanding its strategic partnerships. It also announced a record date for the ReElement spin-off.

Portfolio Pulse from

November 14, 2024 | 9:30 pm

American Resources Corporation (NASDAQ:AREC) announced a special dividend of shares in its subsidiary, ReElement Technologies, to be distributed to shareholders of record as of December 31, 2024. The distribution will occur on or about February 15, 2025. ReElement Technologies has also closed initial investments from a private funding round.

Portfolio Pulse from

November 14, 2024 | 11:45 am

American Resources Corporation (NASDAQ:AREC) will release its Q3 2024 financial results on November 14, 2024, followed by a conference call and webcast to discuss the business outlook.

Portfolio Pulse from

November 08, 2024 | 1:45 pm

American Resources' subsidiary, ReElement Technologies, has signed an MOU with Iris Metals for downstream lithium conversion and production of battery-grade lithium carbonate equivalent. This follows the production of spodumene concentrate from Iris Metals' Beecher Lithium Project.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 8:24 am

American Resources Corporation has started daily production of high-purity rare earth elements at its Noblesville plant, boosting the domestic supply chain. This development has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 4:38 pm

American Resources Corporation's ReElement Technologies has started daily production of high-purity rare earth elements at its Noblesville plant, enhancing domestic supply chains. The company is expanding production capacity through automation and is building out its Marion, IN facility for further expansion.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 12:25 pm

Roth MKM analyst Mike Niehuser maintains a Buy rating on American Res (NASDAQ:AREC) but lowers the price target from $5 to $4.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 1:14 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.