American Resources (NASDAQ:AREC) Stock Price Up 31.7%

American Resources Co. (NASDAQ:AREC) shot up 31.7% on Tuesday . The stock traded as high as $0.83 and last traded at $0.83. 852,016 shares traded hands during mid-day trading, an increase of 169% from the average session volume of 317,208 shares. The stock had previously closed at $0.63.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AREC. EF Hutton Acquisition Co. I raised American Resources to a “strong-buy” rating in a research report on Monday, June 3rd. Roth Mkm reissued a “buy” rating and issued a $5.00 price objective on shares of American Resources in a report on Friday, May 24th.

American Resources Trading Down 9.0 %

The company has a debt-to-equity ratio of 230.66, a current ratio of 0.30 and a quick ratio of 0.29. The company has a fifty day moving average of $1.03 and a 200-day moving average of $1.31. The firm has a market capitalization of $54.75 million, a PE ratio of -5.32 and a beta of 0.31.

American Resources (NASDAQ:AREC) last posted its earnings results on Monday, May 20th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.03. The firm had revenue of $0.09 million for the quarter, compared to the consensus estimate of $0.10 million. American Resources had a negative net margin of 179.75% and a negative return on equity of 978.72%. During the same period in the prior year, the business posted ($0.04) earnings per share. On average, sell-side analysts anticipate that American Resources Co. will post -0.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in American Resources stock. Vanguard Group Inc. boosted its stake in American Resources Co. (NASDAQ:AREC) by 7.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,988,101 shares of the company’s stock after acquiring an additional 216,800 shares during the quarter. Vanguard Group Inc. owned 3.77% of American Resources worth $4,213,000 as of its most recent SEC filing. 9.32% of the stock is currently owned by institutional investors.

American Resources Company Profile

American Resources Corporation, together with its subsidiaries, extracts, processes, transports, and sells metallurgical coal to the steel and industrial industries. It supplies raw materials; and sells coal used in pulverized coal injections. The company was founded in 2006 and is headquartered in Fishers, Indiana.