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American Resources Corporation  (AREC)
Other Ticker:  
 
    Sector  Energy    Industry Coal Mining
   Industry Coal Mining
   Sector  Energy
 
Price: $1.6400 $0.00 0.000%
Day's High: $1.65 Week Perf: -0.61 %
Day's Low: $ 1.60 30 Day Perf: 16.31 %
Volume (M): 202 52 Wk High: $ 2.16
Volume (M$): $ 332 52 Wk Avg: $1.53
Open: $1.64 52 Wk Low: $1.04



 Market Capitalization (Millions $) 125
 Shares Outstanding (Millions) 76
 Employees -
 Revenues (TTM) (Millions $) 21
 Net Income (TTM) (Millions $) -1
 Cash Flow (TTM) (Millions $) 40
 Capital Exp. (TTM) (Millions $) 4

American Resources Corporation
American Resources Corporation is a diversified energy and natural resources company based in Fishers, Indiana. The company specializes in the extraction, processing, and selling of metallurgical coal and environmentally friendly processed coal. In addition, they are involved in the recovery and sales of other essential natural resources such as iron ore pellets and limestone aggregates. American Resources Corporation operates both underground and surface coal mines across several states, maintaining a commitment to sustainable practices and responsible resource management.


   Company Address: 12115 Visionary Way Fishers 46038 IN
   Company Phone Number: 855-9926   Stock Exchange / Ticker: NASDAQ AREC
   


   

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American Resources Corporation

AREC Defies Market Challenges, Revealing Impressive Sequential Revenue Surge

American Resources Corporation (AREC) has demonstrated impressive growth and financial stability during the July to September 30, 2023 interval. With earnings per share remaining unaffected at $0.05 per share, compared to $0.00 from the previous year and the previous financial reporting period, AREC has proven its resilience in a challenging market environment.
The company's revenue, although experiencing a decline of -38.71%, dropping from $9.51 million to $5.83 million compared to the same period last year, has experienced a remarkable sequential growth of 194.268%, surging from $1.98 million. This substantial jump in revenue showcases AREC's ability to adapt and capitalize on emerging market opportunities.

American Resources Corporation

American Resources Corporation Generates Impressive $1.98 Million Revenue Surge in Just Three Months!

American Resources Corporation, a leading company in the mining industry, recently released its financial results for the April to June 30, 2023 time-frame. The results have left investors concerned, with a significant decline in both revenue and net loss compared to the previous year.
During this reporting period, American Resources Corporation recorded zero earnings per share, the same as last year and the preceding season. This signifies a lack of growth and stability in the company's performance. However, the revenue decline of 87.773% is the most alarming aspect of these results. The company generated only $1.98 million in revenue, a drastic fall from $16.20 million in the corresponding period a year ago. Sequentially, the revenue dropped by 77.666% from $8.87 million in the preceding reporting season.

American Resources Corporation

American Resources Corporation Reports $8.87 Million in Fiscal Q1 2023 Revenues with Modest Earnings per Share, Highlighting Financial Challenges

American Resources Corporation recently announced its financial results for the fiscal first quarter of 2023, whereby the company had unchanged earnings per share on modest revenue reduction. The earnings per share remained at $0.00, while revenue sunk by -2.336 % to $8.87 million year on year. Despite the revenue reduction, the company experienced an 89.307 % surge from $4.68 million in the previous quarter, with earnings per share standing at $0.18.
However, despite the surge in revenue, the company realized a net shortfall of $-3.101 million in the current quarter, which is much bigger than the $-0.016 million recorded in the previous year. This suggests that the company is currently experiencing some financial difficulties with cash flow.






 

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