American Resources (NASDAQ:AREC – Get Free Report) will likely be announcing its earnings results before the market opens on Thursday, March 27th. Analysts expect the company to announce earnings of ($0.12) per share and revenue of $1.30 million for the quarter.
American Resources Stock Performance
Shares of AREC stock opened at $0.62 on Tuesday. American Resources has a fifty-two week low of $0.41 and a fifty-two week high of $1.63. The firm has a market capitalization of $48.26 million, a PE ratio of -1.60 and a beta of 0.31. The stock’s 50-day simple moving average is $0.61 and its 200-day simple moving average is $0.84.
Wall Street Analyst Weigh In
Separately, D. Boral Capital reissued a “buy” rating and issued a $4.00 price objective on shares of American Resources in a report on Tuesday, January 7th.
About American Resources
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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