American Resources (NASDAQ:AREC – Get Free Report) is expected to be issuing its quarterly earnings data 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 Price Performance
Shares of NASDAQ AREC opened at $0.59 on Wednesday. The firm’s 50-day moving average is $0.61 and its two-hundred day moving average is $0.84. American Resources has a 12-month low of $0.41 and a 12-month high of $1.63. The company has a market capitalization of $45.85 million, a PE ratio of -1.52 and a beta of 0.31.
Analysts Set New Price Targets
Separately, D. Boral Capital reaffirmed a “buy” rating and set a $4.00 price objective on shares of American Resources in a research note 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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