American Resources (NASDAQ:AREC – Get Free Report) announced its earnings results on Monday. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.04), Yahoo Finance reports. 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 previous year, the business earned ($0.01) EPS.
American Resources Trading Down 5.3 %
Shares of AREC opened at $0.54 on Wednesday. The company has a debt-to-equity ratio of 230.66, a current ratio of 0.30 and a quick ratio of 0.29. American Resources has a 1-year low of $0.44 and a 1-year high of $1.86. The company has a market capitalization of $42.76 million, a P/E ratio of -4.15 and a beta of 0.31. The firm’s 50 day simple moving average is $0.67 and its 200 day simple moving average is $1.13.
Wall Street Analysts Forecast Growth
AREC has been the subject of several research reports. EF Hutton Acquisition Co. I raised American Resources to a “strong-buy” rating in a report on Monday, June 3rd. Roth Mkm reissued a “buy” rating and set a $5.00 price objective on shares of American Resources in a report on Friday, May 24th.
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.
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