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 and LOHUM Cleantech have signed a Memorandum of Understanding with ReElement Technologies and American Metals to form a joint venture. This venture aims to establish the first fully integrated battery recycling, repurposing, and critical material production facility in the US, with a 15.5 GWh capacity and an initial investment of $30 million. The facility is expected to create 250 green jobs and supply over 315,000 electric vehicles annually.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 10:39 am

American Resources Corporation (NASDAQ:AREC) stock surged after its subsidiary, ReElement Technologies, received certification for the Military Critical Technical Data Agreement under the US and Canada Joint Certification Program. This positions ReElement as a key player in critical mineral refining outside China.

Portfolio Pulse from Dylan Berman

September 18, 2024 | 5:29 pm

American Resources Corporation's shares are rising following the announcement that its subsidiary, ReElement Technologies, has received approval and certification for the Military Critical Technical Data Agreement.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 3:14 pm

American Resources' subsidiary, ReElement Technologies, has received approval and certification for the Military Critical Technical Data Agreement, which could enhance its capabilities and market opportunities in the defense sector.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 9:33 am

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

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