AREC - American Resources Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
0.5700
+0.0001 (+0.02%)
At close: 4:00PM EST
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Previous Close0.5699
Open0.5699
Bid0.4000 x 1000
Ask0.7100 x 800
Day's Range0.5532 - 0.5700
52 Week Range0.4720 - 12.2000
Volume19,179
Avg. Volume61,412
Market Cap15.582M
Beta (5Y Monthly)-23.11
PE Ratio (TTM)N/A
EPS (TTM)-1.7840
Earnings DateAug 11, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1.50
  • ACCESSWIRE

    American Resources Corporation Announced the Divestiture of Non-Core Operations and Reduction of Company Liabilities

    American Resources purchased the assets of Perry County Resources in September, 2019 as part of the court-supervised bankruptcy of Cambrian Holdings Company, Inc. The Company has since been restructuring the operating complex to lower its cost structure, streamline its operations and set it up for long term success. Additionally, the divestiture of the three permits reduces the Company's liabilities by shedding over $3 million of associated reclamation bonds.

  • ACCESSWIRE

    American Resources Corporation Provides Mining Reclamation and Environmental Update

    The Company's environmental focus is to continuously evaluate its mining permits and identify those properties that are at or below their proprietary (economic and environmental) margin and slate them for reclamation. Throughout the company's strategic acquisition plan, when an acquired mining complex involves both thermal and metallurgical properties, it immediately identifies such thermal coal permits, used for utility power generation, as below the margin.

  • American Resources Corporation Is Drilling Success From Carbon Rich Mines; Seizes Upon Huge Demand For High-Grade Metallurgical Carbon
    Newsfile

    American Resources Corporation Is Drilling Success From Carbon Rich Mines; Seizes Upon Huge Demand For High-Grade Metallurgical Carbon

    Miami Beach, Florida--(Newsfile Corp. - December 3, 2019) - It's no secret that some of the most lucrative and consistent ventures for investment have been the play through the resources of nature. From petroleum to fossil fuels and other minerals, asset rich basins have provided some companies the opportunity and leverage to expand their business models and financial interests exponentially. American Resources Corporation is poised to join that club. (NASDAQ: AREC)In fact, American ...

  • ACCESSWIRE

    American Resources Corporation Reports Third Quarter 2019 Financial Results

    FISHERS, IN / ACCESSWIRE / November 18, 2019 / American Resources Corporation (NASDAQ: AREC ) (the "Company"), a supplier of raw materials to the rapidly growing global infrastructure marketplace, ...

  • ACCESSWIRE

    American Resources Corporation Provides Update on Perry County Resources

    FISHERS, IN / ACCESSWIRE / November 7, 2019 / American Resources Corporation (NASDAQ:AREC) (the "Company"), a supplier of raw materials to the rapidly growing global infrastructure marketplace is pleased to provide an update on its recently acquired operating subsidiary, Perry County Resources ("PCR"). American Resources has been a consolidator and operator of quality metallurgical carbon assets in the Central Appalachian basin (CAPP) to serve customers in the steelmaking, infrastructure, and industrial marketplaces. Perry County Resources is the Company's fifth carbon processing and logistics complex located in eastern Kentucky, near the town of Hazard.

  • ACCESSWIRE

    American Resources Corporation Ships First Train from Perry County Resources

    FISHERS, IN / ACCESSWIRE / October 7, 2019 / American Resources Corporation (NASDAQ:AREC) (the "Company"), a supplier of raw materials to the rapidly growing global infrastructure marketplace is pleased to announce that the Company, in its first week of ownership, has already shipped its first unit train of PCI Carbon to the steel industry from its newly acquired Perry County Resources complex and its Davidson Branch Preparation Plant and rail load out located near the town of Hazard, in eastern Kentucky. American Resources Corporation closed on the acquisition of assets of Perry County Resources on September 27, 2019. The Company purchased the assets from Cambrian Holding Company, Inc., which entered into chapter 11 bankruptcy protection on June 16, 2019, and was governed by the United States Bankruptcy Court for the Eastern District of Kentucky under Section 363 of the U.S. Bankruptcy Code.

  • ACCESSWIRE

    American Resources Corporation Closes on Acquisition of Perry County Coal Assets and Announces Conference Call

    FISHERS, IN / ACCESSWIRE / October 1, 2019 / American Resources Corporation (NASDAQ:AREC) (the "Company"), a supplier of raw materials to the rapidly growing global infrastructure marketplace is pleased to announce that the Company has closed on the purchase of majority of the assets of Perry County Coal LLC ("PCC") through a wholly owned subsidiary of American Resources named, Perry County Resources LLC ("PCR"). American Resources acquired specific assets from Cambrian Holding Company, Inc. ("Cambrian"), which entered into chapter 11 bankruptcy protection on June 16, 2019. The Company has also negotiated to receive cash consideration at closing of $250,000 in addition to payments of the next two payroll cycles of the PCR operations, which equates to approximately $1.5 million.

  • ACCESSWIRE

    American Resources Corporation Named Primary Bidder for Certain Cambrian Coal LLC Assets

    FISHERS, IN / ACCESSWIRE / September 24, 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 Provides Update on Carnegie 2 Metallurgical Carbon Mine Development

    FISHERS, IN / ACCESSWIRE / September 13, 2019 / American Resources Corporation (NASDAQ:AREC), a supplier of raw materials to the rapidly growing global infrastructure marketplace, announced today an update on the Company’s Carnegie 2 mine development plan. The Carnegie 2 mine is a metallurgical carbon mine located in Pike County, Kentucky, which is approximately five miles from the Company’s McCoy Elkhorn complex. American Resources has been developing Carnegie 2 over the past year with the expectation of using a portion of the capital raised from the Company’s August 23, 2019 equity financing to complete the mine ‘s development and bring into production.

  • Could The American Resources Corporation (NASDAQ:AREC) Ownership Structure Tell Us Something Useful?
    Simply Wall St.

    Could The American Resources Corporation (NASDAQ:AREC) Ownership Structure Tell Us Something Useful?

    A look at the shareholders of American Resources Corporation (NASDAQ:AREC) can tell us which group is most powerful...

  • ACCESSWIRE

    American Resources Corporation Announces Organic Expansion Plans

    FISHERS, IN / ACCESSWIRE / September 3, 2019 / American Resources Corporation (NASDAQ:AREC), a supplier of raw materials to the rapidly growing global infrastructure marketplace, announced today its organic metallurgical coal production expansion project, following the Company’s recent financing, that is expected to increase its metallurgical coal production from the company’s McCoy Elkhorn Coal complex. This plan will focus on upgrading the company’s equipment at its various mines and the processing facility to increase efficiencies and expand production. As part of this effort, the Company has recently closed on an equity financing in the gross amount of approximately $3.8 million, which will be used primarily for accretive organic expansion.

  • ACCESSWIRE

    American Resources Corporation to Present at the RHK Disruptive Growth Conference

    FISHERS, IN / ACCESSWIRE / August 29, 2019 / American Resources Corporation (NASDAQ: AREC ), a supplier of raw materials to the rapidly growing global infrastructure marketplace, with a primary focus on ...

  • ACCESSWIRE

    American Resources Corporation Announces Pricing of $3.8 Million Offering of Common Stock and Warrants

    FISHERS, IN / ACCESSWIRE / August 23, 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 the pricing of an underwritten public offering of 3,600,000 shares of its Class A Common Stock and warrants to purchase up to an aggregate of 3,600,000 shares of Class A Common Stock. Each share of Class A Common Stock is being sold together with one warrant to purchase one share of Class A Common Stock at a combined effective price to the public of $1.05. The shares of Class A Common Stock and the accompanying warrants, can only be purchased together in the offering, but will be issued separately and will be immediately separable upon issuance.

  • ACCESSWIRE

    American Resources Corporation Announces Proposed Public Offering of Common Stock and Warrants

    FISHERS, IN / ACCESSWIRE / August 21, 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 intends to offer for sale a combination of shares of its common stock and warrants to purchase shares of its common stock in an underwritten public offering. The company intends to use the net proceeds from this offering for general corporate purposes, including working capital. Maxim Group LLC is acting as sole book-running manager for the offering.

  • 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.