AREC - American Resources Corporation

NasdaqCM - NasdaqCM Delayed Price. Currency in USD
4.2000
-0.1500 (-3.45%)
At close: 3:20PM EDT
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Previous Close4.3500
Open4.3656
Bid0.0000 x 1300
Ask0.0000 x 800
Day's Range4.0000 - 4.3656
52 Week Range1.0000 - 14.0000
Volume6,425
Avg. Volume10,462
Market Cap98.484M
Beta (3Y Monthly)-27.54
PE Ratio (TTM)N/A
EPS (TTM)-14.6990
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • ACCESSWIRE9 days ago

    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.

  • ACCESSWIRE16 days ago

    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.

  • ACCESSWIRE19 days ago

    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.

  • ACCESSWIRE25 days ago

    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.

  • ACCESSWIRElast month

    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 ...

  • ACCESSWIRElast month

    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 ...

  • ACCESSWIRElast month

    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.

  • ACCESSWIRE3 months ago

    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.

  • ACCESSWIRE4 months ago

    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.

  • ACCESSWIRE4 months ago

    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 ...

  • ACCESSWIRE4 months ago

    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.

  • ACCESSWIRE5 months ago

    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.

  • ACCESSWIRE6 months ago

    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.

  • ACCESSWIRE6 months ago

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

    FISHERS, IN / ACCESSWIRE / September 25, 2018 / American Resources Corporation (OTCQB: AREC ) is pleased to announce that they have entered into a permit transfer agreement with an unrelated party, for ...

  • ACCESSWIRE6 months ago

    American Resources Corporation Appoints Tarlis Thompson as Chief Operating Officer

    FISHERS, IN / ACCESSWIRE / September 20, 2018 / American Resources Corporation (OTCQB: AREC) is pleased to announce the promotion and appointment of Tarlis Thompson as Chief Operating Officer of the company. Mr. Thompson has over 16 years in the coal industry managing quality control, logistics, coal production, and environmental compliance for several operators within the Central Appalachian Basin and most recently has been serving as the Superintendent of Surface & Processing Facilities for American Resources Corporation. Mr. Thompson's new role expands his duties to include working with senior management at American Resources Corporation to manage all of the company's eastern Kentucky coal mining and supporting operations.

  • ACCESSWIRE6 months ago

    American Resources Corporation Records Record Revenue for August 2018

    After the record month of August, the company is announcing unaudited year-to-date gross revenue of $19,839,633, with four more months to go in the year. This result compares to $20,820,998 for the full-year 2017 gross revenue. The increase in revenue was partially a result of a series of new mines going into production in mid-2018 (the Wayland Surface mine, the Razorblade Surface mine and Jeffery Mine), along with stronger performance at two of the company's existing underground mines (Mine #15 and Access Energy).

  • ACCESSWIRE8 months ago

    American Resources Corporation Secures Coal Processing and Transloading Agreement

    FISHERS, IN / ACCESSWIRE / August 2, 2018 / American Resources Corporation (OTCQB: AREC), through its wholly owned subsidiaries Quest Energy Inc. and McCoy Elkhorn Coal LLC, is pleased to announce it has entered into a coal processing and transloading agreement with a global energy and commodity trading company. Under the agreement, American Resources will provide third-party coal processing, storage, and rail loading services at one of its two processing facilities located at the Bevins Branch coal processing complex located in Pike County, Kentucky. The two processing facilities at McCoy Elkhorn Coal are Bevins 1, an 800 ton-per-hour modern coal wash plant, and Bevins 2, a 500 ton-per-hour modern coal wash plant.

  • ACCESSWIRE8 months ago

    American Resources Corporation (OTCQB: AREC) 2018 Letter to Shareholders

    American Resources Corporation, through our wholly-owned subsidiary, Quest Energy Inc., is focused on increasing coal production in the Central Appalachian Basin 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 are fully-committed to our proven business model to be one of the safest, lowest-cost, and most efficient coal mining companies in our space. When the management team founded the company in early 2015, we set out to pull from our combined expertise in restructuring inefficient businesses and our prior first-hand experiences in managing coal mining operations over the last decade.

  • ACCESSWIRE9 months ago

    American Resources Corporation Begins Trading on the OTCQB Venture Market

    FISHERS, IN / ACCESSWIRE / June 18, 2018 / American Resources Corporation (OTCQB: AREC) is pleased to announce they have been approved and are currently trading on the OTCQB Venture Market. The OTCQB Venture Market is for early-stage and developing companies that meet certain eligibility requirements and must be current in their financial reporting while satisfying an annual verification and management certification process. "Qualifying for the OTCQB at this point is an important step for us as it signals our commitment to grow the company to create shareholder value," stated Kirk P. Taylor, Chief Financial Officer of American Resources Corporation.

  • ACCESSWIRE10 months ago

    American Resources Corporation Begins Production at Razorblade Surface Mine

    FISHERS, IN / ACCESSWIRE / May 30, 2018 / American Resources Corporation (OTC PINK: AREC), through its wholly-owned subsidiary Quest Energy Inc. and Deane Mining LLC, has recently commenced operations at its Razorblade Surface mine located in Letcher County, Kentucky. This is American Resources" fifth mine brought into production in the last two years since acquiring and restructuring an asset base throughout the industry's most recent downturn to operate on a more efficient cost structure. Quest Energy is initially extracting coal from the Hazard 4 and Hazard 4 Rider coal seams, with additional future plans for mining the Amburgy, Whitesburg, Hazard 5, Taylor, and the Hamlin 5, 6, and 7 seams utilizing a contour, auger, and highwall mining plan.

  • ACCESSWIRE10 months ago

    American Resources Corporation Reduces Company Liabilities by Over $18 million

    FISHERS, IN /ACCESSWIRE / May 29, 2018 / American Resources Corporation (OTC PINK: AREC)is pleased to announce the reduction of over $18.1 million of prior liabilitiesfrom its balance sheet.In a continued,ongoing effort to strengthen the company's balance sheet, American Resourceshas accepted the immediate forgiveness of $17.8 million of payables to arelated party of the company and a reduction of debt in the amount of $315,000that was the result from an equipment transaction with an unrelated party. AmericanResources Corporation is engaged in diversified energy services includingmining, processing and logistics, with a primary focus on traditional energysources such as coal and oil and gas. American Resources Corporation plans toexpand its business by continuing to develop its currently leased propertiesand further expanding its processing and logistics business, and through thepursuit of strategic acquisitions.

  • ACCESSWIRE10 months ago

    American Resources Corporation Acquires Active Surface Mining Operation

    FISHERS, IN / ACCESSWIRE / May 14, 2018 / American Resources Corporation (OTCQB: AREC), through its wholly owned subsidiary Quest Energy Inc. and Knott County Coal LLC, has entered into an agreement to acquire an active surface mining operation focused on remining a coarse disposal area in Wayland, Floyd County, Kentucky. Under the agreement, Knott County Coal will immediately assume ownership of all permits, leases, government approvals, and reclamation bonds associated with the Wayland, Kentucky refuse area. The Wayland site dates back to when the Elk Horn Coal Corporation established the coal camp town of Wayland, KY in 1913, where they operated several mines up until the mid-1950's. Decades ago, coal was sorted by size, and under-sized and over-sized pieces of coal were considered unsellable.

  • ACCESSWIRE10 months ago

    American Resources Corporation Secures Additional Coal Mining Equipment for Expansion of Existing Mines

    FISHERS, IN / ACCESSWIRE / May 10, 2018 / American Resources Corporation (OTCQB: AREC), through its wholly owned subsidiary Quest Energy Inc., has secured additional key pieces of underground mining equipment that will allow the company to expand its existing coal production at several select mining operations. The equipment includes continuous miners, shuttle cars, and other support equipment that will be put into production immediately at Quest Energy's various underground mines. "We are very pleased to have obtained this equipment to allow us to increase production at our Deane Mining and McCoy Elkhorn subsidiaries," stated Mark Jensen, Chief Executive Officer of American Resources Corporation.

  • ACCESSWIRE11 months ago

    American Resources Corporation Acquires Metallurgical Coal Mining Operations in Eastern Kentucky

    FISHERS, IN / ACCESSWIRE / April 24, 2018 / American Resources Corporation (OTC PINK: AREC ), through its wholly-owned subsidiary Quest Energy Inc. and McCoy Elkhorn Coal LLC, has entered into an agreement ...