AREC - American Resources Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
2.3600
-0.0500 (-2.07%)
At close: 3:59PM EDT
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Previous Close2.4100
Open2.4221
Bid0.0001 x 900
Ask2.8700 x 800
Day's Range2.3510 - 2.5700
52 Week Range1.0000 - 14.0000
Volume11,851
Avg. Volume29,121
Market Cap55.147M
Beta (3Y Monthly)-22.81
PE Ratio (TTM)N/A
EPS (TTM)-2.2710
Earnings DateAug 12, 2019 - Aug 12, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • ACCESSWIRE

    American Resources Corporation Reports Second Quarter 2019 Financial Results

    Reports Adjusted EBITDA of $1.8 million Revenues grew over 33 percent to $9.34 million Company records best quarterly production and sales volume of over 126 thousand short tons; a 30% year-over-year increase ...

  • ACCESSWIRE

    American Resources Corporation Files Updated Bid to Purchase Blackjewel, L.L.C. Properties in Eastern United States

    FISHERS, IN / ACCESSWIRE / August 4, 2019 / American Resources Corporation (NASDAQ:AREC), a supplier of raw materials to the rapidly growing global infrastructure marketplace, with a primary focus on the extraction, processing, transportation and distribution of metallurgical coal to the steel industry, announced today that it has participated in the bidding process for the assets and operations of BlackJewel’s eastern (central Appalachian) division and will be submitting a revised bid. “On behalf of American Resources Corporation, we are disappointed to not be initially chosen as the successful primary bidder to purchase the assets of Blackjewel in Kentucky, West Virginia and Virginia.

  • ACCESSWIRE

    American Resources Corporation Reports 32% Growth in Revenues and Provides Update on Strategic Initiatives

    FISHERS, INDIANA / ACCESSWIRE / July 22, 2019 / American Resources Corporation (NASDAQ: AREC), a supplier of raw materials to the rapidly growing global infrastructure marketplace, with a primary focus on the extraction, processing, transportation and distribution of metallurgical coal to the steel industry, is pleased to announce its preliminary unaudited revenue for its second quarter of fiscal year 2019. The Company announced preliminary revenue for the three months ended June 30, 2019 of approximately $9.30 million. This preliminary revenue for the Company’s fiscal second quarter of 2019 represents a year-over-year increase of approximately 32% when compared to the same 3-month period last year and a 33% increase when compared to the Company’s revenue reported in the first fiscal quarter of 2019, which ended March 31, 2019.

  • ACCESSWIRE

    American Resources Corporation Hires Seasoned Director of Coal Sales

    FISHERS, IN / ACCESSWIRE / June 27, 2019 / American Resources Corporation (NASDAQ: AREC), a supplier to the rapidly growing global infrastructure marketplace, with a primary focus on the extraction, processing, transportation, and distribution of metallurgical coal to the steel industry, is excited to announce the hiring of Andy Cox as the company's Director of Coal Sales. In this new role for the company, Mr. Cox will oversee all sales of the company's metallurgical, specialty, industrial and high-quality thermal coals to existing customers while developing new sales strategies and partnerships throughout the industry. Andy joins American Resources with over three decades of coal sales experience.

  • ACCESSWIRE

    American Resources Corporation Selects PCG Advisory for Investor Relations Initiatives

    FISHERS, IN / ACCESSWIRE / June 18, 2019 / American Resources Corporation (NASDAQ: AREC), a supplier to the rapidly growing global infrastructure marketplace, with a primary focus on the extraction, processing, transportation, and distribution of metallurgical coal to the steel industry, has selected PCG Advisory Inc. ("PCG") as the Company's advisor with a goal to increase market awareness and public outreach at large. PCG is a leading New York City-based Investor Relations and Digital Strategy firm with a focus on broadening awareness, visibility, and credibility of emerging growth companies. With over twenty years of experience, PCG will assist AREC with market outreach, and will work to serve investors, while increasing corporate visibility.

  • ACCESSWIRE

    American Resources Corporation Added to Membership of Russell Microcap(R) Index

    FISHERS, IN / ACCESSWIRE / June 13, 2019 / American Resources Corporation (NASDAQ: AREC), a supplier to the rapidly growing global infrastructure marketplace, with a primary focus on the extraction, processing, transportation and selling of metallurgical coal to the steel industry, was added as a member of the Russell Microcap® Index, which will become effective after the US market closes on June 28, as part of the 2019 Russell indexes reconstitution. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. "We are honored to be joining the Russell Microcap® Index", stated Mark Jensen, Chief Executive Officer of American Resources Corporation.

  • ACCESSWIRE

    2019 Letter to Shareholders

    American Resources continues to focus on increasing its coal production in the Central Appalachian Basin, and more specifically increasing its production of coking/metallurgical coal, an essential ingredient for steel production, to meet the growing demand of the global infrastructure marketplace. American Resources continues to execute on its growth plan through a combination of expanding its currently producing coal mines, bringing its existing idled, permitted mines back into production, and strategically acquiring additional permits and operations. Throughout this process, we continue to scale our unique platform and remain fully committed to our business model in being the fastest growing, safest, and most efficient coal mining company in our industry.

  • ACCESSWIRE

    American Resources Corporation Upgrades Deane Mining's Mill Creek Prep Plant

    FISHERS, IN / ACCESSWIRE / June 5, 2019 / American Resources Corporation (NASDAQ: AREC), a supplier to the rapidly growing global infrastructure marketplace, with a primary focus on the extraction, processing, transportation and selling of metallurgical coal to the steel industry, announced today that they have started the process to upgrade the Mill Creek coal preparation plant to allow the company to commercially process premium stoker sized coal. American Resources' Mill Creek Prep Plant is an 800 ton-per-hour modern coal processing facility and unit train load out located at the company's Deane Mining complex in Letcher County, Kentucky. American Resources has been actively investing in and expanding their metallurgical coal assets under their hub and spoke operating model to increase the production of coal surrounding each of their operating hubs.

  • ACCESSWIRE

    American Resources Corporation Restarts Production at Carnegie 1 Metallurgical Coal Mine

    FISHERS, IN / ACCESSWIRE / May 2, 2019 / American Resources Corporation (NASDAQ: AREC), a supplier of raw materials to the rapidly growing global infrastructure marketplace, with a primary focus on the extraction, processing, transportation and selling of metallurgical coal to the steel industry, announced today that they are restarting production at its Carnegie 1 mine under its previously stated, expanded production plan. The Carnegie 1 mine, an underground mine, located in Pike County, Kentucky and within the Lower Alma coal seam, produces High Vol A/B metallurgical coal. American Resources commenced initial development production at Carnegie 1 in the spring of 2017 to confirm the appropriate mining style and equipment that would be most productive and efficient.

  • ACCESSWIRE

    American Resources Corporation Reduces Reclamation Bonding Liability Through Disposition of Non-Core Permits and Reclamation Efforts

    FISHERS, IN / ACCESSWIRE / April 16, 2019 / American Resources Corporation (NASDAQ: AREC), a supplier of raw materials to the rapidly growing global infrastructure marketplace, with a primary focus on the extraction, processing, transportation and selling of metallurgical coal to the steel industry, announced today that it has completed the transfer and disposition of two non-core permits to a third party, resulting in the reduction of reclamation bonding liability held by the company by approximately $2.86 million. Along with additional recent reclamation efforts, the company has also reduced its reclamation bonds by approximately $176,300 for a total reduction of $3.04 million. The reduction in reclamation bonding reduces the bonding of the company's subsidiary, Knott County Coal, by approximately 34.5% from approximately $8.8 million in bonds to $5.8 million in bonds, and reduces the bonding overall at the company by approximately 11.4%, thereby reducing liabilities on the balance sheet and saving the company money in bonding fees, holding costs, and future reclamation costs.

  • ACCESSWIRE

    American Resources Corporation Delivers Third Continuous Miner to its Mine #15 to Expand Metallurgical Coal Production

    FISHERS, IN / ACCESSWIRE / April 5, 2019 / American Resources Corporation (NASDAQ: AREC), a supplier of raw materials to the rapidly growing global infrastructure marketplace, with a primary focus on the extraction, processing, transportation and selling of metallurgical coal to the steel industry, announced today that it has delivered an additional continuous miner to its Mine #15, located in Pike County, Kentucky, to further expand the production of metallurgical coal. The currently operating Mine #15 is an underground mine located at the company's McCoy Elkhorn Coal complex and produces High Vol B metallurgical coal from the Glamorgan coal seam. American Resources currently utilizes two continuous miners at two separate operating sections within Mine #15.

  • ACCESSWIRE

    American Resources Corporation to Finalize Carnegie 2 Mine Development

    FISHERS, IN / ACCESSWIRE / March 26, 2019 / American Resources Corporation (NASDAQ: AREC), a supplier of raw materials to the rapidly growing global infrastructure marketplace, with a primary focus on the extraction, processing, transportation and selling of metallurgical coal to the steel industry, announced that the company has resumed development on its second underground coal mine in the Alma coal seam, called the Carnegie 2 mine. The Carnegie 2 mine, located in Pike County, Kentucky, accesses the same block of Alma coal seam as Carnegie 1 mine, which is a premium High-Vol A/B metallurgical coal that is used to create coke and is instrumental in the global demand for steel production for the fast growth global infrastructure marketplace. Accessing this coal through the new Carnegie 2 mine allows the company to further increase the production and extraction of this premium coal and compliment the company's previously announced expansion plan of their Carnegie 1 mine.

  • ACCESSWIRE

    American Resources Corporation Delivers Second Continuous Miner to its Carnegie 1 Metallurgical Coal Mine

    FISHERS, IN / ACCESSWIRE / March 14, 2019 / American Resources Corporation (NASDAQ: AREC), a supplier of raw materials to the rapidly growing global infrastructure marketplace, with a primary focus on the extraction, processing, transportation and selling of metallurgical coal to the steel industry, announced that the second continuous miner is being picked up today with a goal of installing proximity detection safety technology over the next two weeks and commencing production in early April at the Carnegie 1 mine located in Pike County, Kentucky. The Carnegie 1 mine is the first in a series of underground metallurgical coal mines American Resources is bringing into production within a large contiguous boundary of High Vol A/B metallurgical coal in the Lower Alma coal seam. As part of the Company's previously announced expansion plan of its Carnegie 1 mine, the Company expects to restart production with two Joy 14CM10aa continuous miners.

  • ACCESSWIRE

    American Resources Corporation Announces Full Exercise and Closing of Underwriters' Over-Allotment Option in Connection with its Underwritten Public Offering

    FISHERS, IN / ACCESSWIRE / March 7, 2019 / American Resources Corp. ("American Resources" or the "Company") (AREC), a publicly traded extraction, processing, transportation and seller of metallurgical coal and pulverized coal injection (PCI) to the steel industry, announced today the closing of the issuance of an additional 150,000 shares of Class A common stock pursuant to the exercise in full of the underwriters' over-allotment option in connection with its underwritten public offering. The additional shares were sold at $4.00 per share, generating additional gross proceeds of $600,000 to the Company and bringing the total gross proceeds of the offering to $4,600,000. Maxim Group LLC acted as the sole book-running manager for the offering.

  • ACCESSWIRE

    American Resources Corporation Expands Access Energy Mine

    FISHERS, INDIANA / ACCESSWIRE / March 4, 2019 / American Resources Corporation (NASDAQ: AREC), a supplier of raw materials to the rapidly growing global infrastructure marketplace, with a primary focus on the extraction, processing, transportation and selling of metallurgical coal to the steel industry, is pleased to announce that it has made the capital investments to further expand the production at its already producing Access Energy mine. The Access Energy mine is an underground mine at the Deane Mining LLC complex targeting the pulverized coal injection (PCI) market place from the Elkhorn 3 coal seam located in Letcher County, Kentucky. American Resources commenced production at the mine in September of 2017 and has continually realized enhanced execution by its team at the mine.

  • ACCESSWIRE

    American Resources Corporation Provides Update on Carnegie Mine's Metallurgical Coal Production Expansion Plan

    FISHERS, IN / ACCESSWIRE / February 26, 2019 / American Resources Corporation (NASDAQ: AREC), a supplier of raw materials to the rapidly growing global infrastructure marketplace, with a primary focus on the extraction, processing, transportation and selling of metallurgical coal to the steel industry, is pleased to provide an update on the planned expansion of their Carnegie 1 metallurgical coal mine. The Carnegie 1 mine, an underground mine, located in Pike County, Kentucky and within the Lower Alma coal seam, produces High Vol A/B metallurgical coal. American Resources commenced initial development production at Carnegie 1 in the spring of 2017 to confirm the appropriate mining style and equipment that would be most productive and efficient.

  • ACCESSWIRE

    American Resources Corporation Acquires Metallurgical Coal Reserve in Eastern Kentucky

    FISHERS, IN / ACCESSWIRE / February 21, 2019 / American Resources Corporation (NASDAQ: AREC ), a supplier of raw materials to the rapidly growing global infrastructure marketplace, with a primary focus ...

  • ACCESSWIRE

    American Resources Corporation Announces Closing of $4.0 Million Public Offering

    FISHERS, IN / ACCESSWIRE / February 20, 2019 / American Resources Corp. ("American Resources" or the "Company") (NASDAQ: AREC), a publicly traded extraction, processing, transportation ...

  • ACCESSWIRE

    American Resources Corp. Announces Pricing of $4.0 Million Public Offering and Uplisting to Nasdaq

    FISHERS, IN / ACCESSWIRE / February 15, 2019 / American Resources Corp. (''American Resources'' or the '' Company'') (AREC), a publicly traded extraction, processing, transportation and seller of metallurgical coal and pulverized coal injection (PCI) to the steel industry, today announced the pricing of an underwritten public offering of 1,000,000 shares of Class A common stock at a price to the public of $4.00 per share. The common stock has been approved to list on The Nasdaq Capital Market under the symbol AREC and is expected to begin trading on February 15, 2019.

  • ACCESSWIRE

    American Resources Corporation Signs Multi-Year Metallurgical Coal Sale Agreement

    FISHERS, IN / ACCESSWIRE / January 3, 2019 / American Resources Corporation (OTC PINK: AREC), a supplier of raw materials to the rapidly growing global infrastructure marketplace with a primary focus is on the extraction, processing, transportation and selling of metallurgical coal to the steel industry, is pleased to announce it has entered into a multi-year coal sale agreement with a global buyer of high-quality metallurgical coal. Under the agreement, American Resources will lengthen and expand its current agreement with this customer to supply at least 50,000 tons per month of metallurgical coal (or coking coal), used in the process of creating coke necessary for steel making, over the next two years beginning in March 2019. American Resources will produce, process, and load the coking coal for transport by rail at its McCoy Elkhorn Coal subsidiary located in Pike County, Kentucky.

  • ACCESSWIRE

    American Resources Corporation Appoints Independent Board of Directors

    FISHERS, INDIANA / ACCESSWIRE / November 15, 2018 / American Resources Corporation (OTCQB: AREC), a mining company focused on the extraction, processing, transportation and selling of metallurgical and premium thermal coal, is pleased to announce the appointment of three new independent members to its Board of Directors. Joining the Board of Directors are Randal Stephenson, Ian Sadler and Courtenay Taplin. "We're very excited about the addition of these accomplished executives to American Resources' team", stated Mark Jensen, Chief Executive Officer of American Resources Corporation.

  • ACCESSWIRE

    American Resources Corporation Announces Closing of Synergy Coal Acquisition

    FISHERS, IN / ACCESSWIRE / November 8, 2018 / American Resources Corporation (OTCQB: AREC ), a mining company focused on the extraction, processing, transportation and selling of metallurgical and premium ...

  • ACCESSWIRE

    American Resources Corporation Announces Expansion Plan of Carnegie High Vol Met Coal Mine

    FISHERS, INDIANA / ACCESSWIRE / November 7, 2018 / American Resources Corporation (OTCQB: AREC), a mining company focused on the extraction, processing, transportation and selling of metallurgical and premium thermal coal, is pleased to announce the planned expansion of their Carnegie coal mine in Pike County, Kentucky. The Carnegie mine, an underground mine within the Alma coal seam, produces high-volatile A/B metallurgical coal that is used to make steel in both the domestic and export markets. American Resources has commenced the upgrade process to expand the Carnegie mine plan to support a significantly higher production output under its low-cost, efficient operating strategy.

  • ACCESSWIRE

    American Resources Corporation Acquires Metallurgical Coal Mining Complex in West Virginia

    FISHERS, IN / ACCESSWIRE / October 29, 2018 / American Resources Corporation (OTCQB: AREC), a diversified energy company focused on the extraction, processing, transportation and selling of coal, is pleased to announce it has entered into an agreement to acquire all the assets of Synergy Coal, LLC located in Wyoming County, West Virginia. The acquisition includes all coal mining permits (including the associated reclamation bonds), governmental approvals, a coal processing facility, a rail loadout, over one thousand acres of mineral and surface ownership, and all other assets owned by Synergy Coal.

  • ACCESSWIRE

    American Resources Corporation Expands Coal Processing and Transloading Services Business

    FISHERS, IN / ACCESSWIRE / October 3, 2018 / American Resources Corporation (OTCQB: AREC), a diversified energy company focused on the extraction, processing, transportation and selling of coal, is pleased to announce the continued expansion of its coal processing and transloading services business at its McCoy Elkhorn Bevins Preparation Plants and loadout (located in Pike County, Kentucky). The Company has secured a new contract with a new coal customer estimated at adding $60,000 to $96,000 a month in additional revenue at the McCoy Elkhorn Bevins Branch facility. This expansion comes on the heels of the company signing a contract for processing, storage, and loading of coal for a large international coal consumer earlier this summer.