American Resources Co. (NASDAQ:AREC - Get Free Report)'s share price traded up 25% during mid-day trading on Monday . The stock traded as high as $0.89 and last traded at $0.82. 9,668,242 shares were traded during mid-day trading, an increase of 409% from the average session volume of 1,897,907 shares. The stock had previously closed at $0.66.
American Resources Stock Performance
The business's fifty day moving average is $0.79 and its 200-day moving average is $0.78. The firm has a market cap of $65.82 million, a P/E ratio of -2.05 and a beta of 0.84.
American Resources (NASDAQ:AREC - Get Free Report) last released its quarterly earnings results on Monday, May 19th. The company reported ($0.24) earnings per share (EPS) for the quarter. The firm had revenue of $0.05 million for the quarter. Analysts predict that American Resources Co. will post -0.38 EPS for the current fiscal year.
Institutional Inflows and Outflows
An institutional investor recently raised its position in American Resources stock. Virtu Financial LLC lifted its stake in shares of American Resources Co. (NASDAQ:AREC - Free Report) by 271.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,913 shares of the company's stock after acquiring an additional 74,464 shares during the quarter. Virtu Financial LLC owned approximately 0.13% of American Resources worth $48,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 9.32% of the company's stock.
American Resources Company Profile
(
Get Free Report)
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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