American Resources Sees Unusually High Options Volume (NASDAQ:AREC)

American Resources Corporation (NASDAQ:AREC) saw unusually large options trading activity on Monday. Stock investors acquired 2,600 call options on the company. This is an increase of approximately 35% compared to the average daily volume of 1,919 call options.

American Resources Stock Performance

AREC opened at $2.04 on Tuesday. American Resources has a 1-year low of $1.48 and a 1-year high of $7.11. The company has a market cap of $218.22 million, a price-to-earnings ratio of -4.98 and a beta of 1.19. The company’s fifty day moving average price is $2.21 and its two-hundred day moving average price is $2.35. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.14.

American Resources Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, August 25th. Investors of record on Saturday, August 15th were given a dividend of $0.0431 per share. The ex-dividend date was Friday, August 14th.

Institutional Trading of American Resources

A number of large investors have recently bought and sold shares of AREC. Tidal Investments LLC raised its holdings in American Resources by 55,112.2% during the 2nd quarter. Tidal Investments LLC now owns 49,691 shares of the company’s stock valued at $107,000 after acquiring an additional 49,601 shares during the period. Kingsbury Capital Investment Advisors LLC increased its holdings in shares of American Resources by 8.8% in the 2nd quarter. Kingsbury Capital Investment Advisors LLC now owns 118,193 shares of the company’s stock worth $254,000 after buying an additional 9,562 shares during the last quarter. CTC Alternative Strategies Ltd. purchased a new stake in American Resources during the first quarter valued at about $25,000. Bank of America Corp DE raised its holdings in shares of American Resources by 458.9% during the 1st quarter. Bank of America Corp DE now owns 410,230 shares of the company’s stock valued at $993,000 after buying an additional 336,829 shares in the last quarter. Finally, SummitTX Capital L.P. bought a new stake in shares of American Resources in the 1st quarter worth approximately $30,000. 9.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AREC has been the topic of several research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of American Resources in a report on Tuesday, September 8th. Wall Street Zen upgraded shares of American Resources from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $6.00.

About American Resources

American Resources Corporation (NASDAQ: AREC) is a U.S.-based natural resources and critical-minerals company. Through its operating subsidiaries, the company is focused on the extraction, processing and recycling of materials used in infrastructure, energy and advanced technology applications.

American Resources has historically operated in the Central Appalachian coal region, producing and processing metallurgical carbon products used in steelmaking. Its resource activities have included coal properties and processing facilities in eastern Kentucky and surrounding Appalachian markets, although the company has increasingly emphasized its critical-minerals and technology businesses.

Through ReElement Technologies, American Resources develops refining and separation technologies for rare earth elements and other critical minerals.