American Resources Corporation

Equities

AREC

US02927U2087

Electrical Components & Equipment

Real-time Estimate Cboe BZX Other stock markets 02:31:07 2024-05-02 pm EDT			5-day change	1st Jan Change
1.525 ^USD	+4.45%		+5.21%	+1.68%

Apr. 19	American Resources Expands License Pact with Purdue University for Rare Earth Elements Refining	MT
Apr. 09	Rex American Resources Insider Sold Shares Worth $289,531, According to a Recent SEC Filing	MT

American Resources Corporation Reports Earnings Results for the Full Year Ended December 31, 2023

March 28, 2024 at 04:12 pm EDT

American Resources Corporation reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was USD 0.066552 million compared to USD 0.048199 million a year ago. Revenue was USD 16.74 million compared to USD 39.47 million a year ago.

Net loss was USD 11.2 million compared to USD 1.45 million a year ago. Basic loss per share from continuing operations was USD 0.15 compared to USD 0.02 a year ago.

Latest news about American Resources Corporation

American Resources Expands License Pact with Purdue University for Rare Earth Elements Refining	Apr. 19	MT
Rex American Resources Insider Sold Shares Worth $289,531, According to a Recent SEC Filing	Apr. 09	MT
Rex American Resources Insider Sold Shares Worth $292,765, According to a Recent SEC Filing	Apr. 08	MT
Rex American Resources Insider Sold Shares Worth $5,941,632, According to a Recent SEC Filing	Apr. 04	MT
American Resources Corporation Provides Updated Rare Earth Analysis from West Virginia Project	Apr. 01	CI
Transcript : American Resources Corporation, Q4 2023 Earnings Call, Mar 28, 2024	Mar. 28
American Resources Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 28	CI
North American Morning Briefing : Stocks Set for -2-	Mar. 28	DJ
Earnings Flash (REX) REX AMERICAN RESOURCES CORPORATION Posts Q4 Revenue $187.6M	Mar. 28	MT
Del Monte Pacific Undertaking Several Transactions to Regain Full Ownership of Philippine Subsidiary	Feb. 20	MT
American Resources Corporation's American Carbon Corporation Completes Strategic Acquisition of 51% Interest in Iron Ore and Titanium Assets	Feb. 07	CI
American Resources Partners With Afrivolt on Cell Manufacturing Plants	Jan. 23	MT
American Resources Corporation's, Reelement Technologies Executes Mou with Afrivolt Pty Ltd to Establish A Comprehensive Closed-Loop African Battery & Ev Supply Chain	Jan. 23	CI
Transcript : American Resources Corporation - Pre Recorded Special Call	Jan. 02
American Resources Unit Partners with TECHGULF Ghana For Lithium Processing Plant	Dec. 11	MT
Wheat Futures Up as Traders Keep Covering Shorts -- Daily Grain Highlights	Nov. 29	DJ
HC Wainwright Trims Price Target on American Resources to $3.25 From $3.50, Maintains Buy Rating	Nov. 16	MT
Transcript : American Resources Corporation, Q3 2023 Earnings Call, Nov 14, 2023	Nov. 14
American Resources Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 14	CI
Earnings Flash (AREC) AMERICAN RESOURCES CORPORATION Posts Q3 EPS $0.05	Nov. 14	MT
Earnings Flash (AREC) AMERICAN RESOURCES CORPORATION Reports Q3 Revenue $5.8M, vs. Street Est of $6.9M	Nov. 14	MT
American Resources Unit Wins $46 Million in Incentives for Recycling Campus in Indiana	23-09-21	MT
American Resources Corporation's Equity Buyback announced on August 29, 2022, has expired.	23-09-14	CI
American Resources Corporation Appoints Josh Hawes as Independent Director	23-09-06	CI
Earnings Flash (REX) REX AMERICAN RESOURCES CORPORATION Reports Q2 Revenue $212M	23-08-30	MT

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Company Profile

American Resources Corporation is a supplier of high raw materials to the new infrastructure market. The Company 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. It has a portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia. Its subsidiaries include American Carbon Corp. American Carbon Corp. has over seven coal mining and processing operating subsidiaries: McCoy Elkhorn Coal LLC, Knott County Coal LLC, Deane Mining, LLC (Deane Mining), Wyoming County Coal LLC (Wyoming County), Quest Processing LLC (Quest Processing), Perry County Resources, located in eastern Kentucky and western West Virginia within the Central Appalachian coal basin, and ERC Mining Indiana Corporation (ERC) located in southwest Indiana within the Illinois coal basin.

Sector

Electrical Components & Equipment

Calendar

2024-05-12 - Q1 2024 Earnings Release (Projected)

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1.46 USD

Average target price

4.125 USD

Spread / Average Target

+182.53%

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