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American Resources Corporation stock is trading higher after the company announced that its subsidiary ReElement Technologies was approved and certified for its Military Critical Technical Data Agreement under the United States and Canada Joint Certification Program.
The Details: The agreement is used by both the United States Department of Defense and the Canadian Department of National Defense in order to protect sensitive military data. It’s usually established between the relevant defense department(s) and contractors which need access to critical data for projects.
“As we continue to pioneer innovative achievements in critical mineral refining, we are proud to achieve this milestone with our Department of Defense as well as the Canadian DND. We have and continue to work hard to strategically position ReElement as the most efficient solution for the deployment of efficient and cost competitive critical mineral refining capacity outside of China,” said Steven Frankowski, Controller of ReElement Technologies.
How To Buy American Resources Stock
By now you're likely curious about how to participate in the market for American Res – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
Related Link: Check Out What Whales Are Doing With GE Aero
ARC Price Action: At the time of writing, American Resources stock is moving 28% higher at 64 cents, according to data from Benzinga Pro.
Image: Image via Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
FISHERS, IN / ACCESSWIRE / September 4, 2024 / American Resources Corporation's (NASDAQ:AREC) ("American Resources" or the "Company") ReElement Technologies Corporation ("ReElement"), a leading provider of high performance refining capacity of rare earth and critical battery elements, will be attending the following conferences and events in September where they will be presenting, providing thought leadership or meeting with customers, investors and industry partners.
Africa Down Under (ADU): September 4 - 6, 2024 Location: Perth, AustraliaADU is the leading forum for Australian-African business and government relations and was first launched to raise awareness of Australia's interests in African mining and energy.The three day meeting has evolved to become the largest African-focused mining event held outside the continent itself which is reflected by the number of high-profile participants who attend each year.
Shane Tragethon, Vice President of International Strategy of ReElement Technologies will be attending; to set up a time to meet, please reach out via LinkedIn by clicking HERE.
DIBC Symposium: September 11 - 12, 2024 Location: San Diego, CA The inaugural Defense Industrial Base Consortium (DIBC) Symposium will feature key perspectives from Interagency partners and the investment community, along with keynote speakers and senior leaders from our DoD program and project sponsors.
Steven Frankowski, Comptroller of ReElement Technologies will be attending; to set up a time to meet, please reach out via LinkedIn by clicking HERE.
The Atlantic Council Roundtable: September 23 - 26, 2024 Location: New York, New York On the sidelines of the United Nations General Assembly in New York City, the Atlantic Council will host a series of dynamic events addressing the world's most pressing issues and highlighting solutions to some of the biggest global challenges. In addition, this event will spotlighting the leaders shaping the global future and explore transformative ideas, forces, and people, and convene leaders in government, business, and finance from both sides of the Atlantic at the Transatlantic Forum on GeoEconomics.
Ben Kincade, CEO of ReElement Technologies Africa will be attending; to set up a time to meet, please reach out via LinkedIn by clicking HERE.
Nasdaq Annual Climate Week Conference: September 25, 2024 Location: New York, New York The Nasdaq Annual New York Climate Week Conference brings together professionals working in sustainability across both the corporate and investor communities.
Mark LaVerghetta, Co-Founder and Director of ReElement Technologies will be attending and participating in several one-on-one meetings; to set up a time to meet, please reach out via LinkedIn by clicking HERE.
Kirk Taylor, Chief Financial Officer of American Resources Corp will be attending and participating in several one-on-one meetings; to set up a time to meet, please reach out via LinkedIn by clicking HERE.
Strength Through Innovation Summit: September 26 - 27, 2024 Location: Reston, VA The Strength Through Innovation Summit, sponsored by Irongate Capital, is focused on bringing together stakeholders and innovative companies in aerospace, defense & intelligence, and national security.
Ben Kincade, CEO of ReElement Technologies Africa will be attending; to set up a time to meet, please reach out via LinkedIn by clicking HERE.
Former National Security Professionals' Conference: September 27 - 28, 2024 Location: Arlington, VA Ben Kincade, CEO of ReElement Technologies Africa will be attending; to set up a time to meet, please reach out via LinkedIn by clicking HERE.
Learn more about ReElement Technologies' process and technology here -Video.
About ReElement Technologies LLC ReElement Technologies LLC, a wholly owned subsidiary of American Resources Corporation (NASDAQ:AREC), is redefining how critical and rare earth elements are both sourced and processed while focusing on the recycling of end-of-life products such as rare earth permanent magnets and lithium-ion batteries, as well as coal-based waste streams and byproducts to create a low-cost and environmentally-safe, circular supply chain. ReElement has developed its innovative and scalable "Capture-Process-Purify" process chain in conjunction with its licensed intellectual property including 16 patents and technologies and sponsored research partnerships with three leading universities to support the domestic supply chain's growing demand for magnet and battery metals. For more information visit reelementtech.com or connect with the Company on Facebook, Twitter, and LinkedIn.
About American Resources Corporation American Resources Corporation (NASDAQ:AREC) is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.
American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit americanresourcescorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.
Special Note Regarding Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words "believes", "may", "will", "should", "would", "could", "continue", "seeks", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.
Investor Contact: JTC Team, LLC Jenene Thomas 833-475-8247arec@jtcir.com
RedChip Companies Inc. Robert Foley 1-800-RED-CHIP (733-2447)Info@redchip.com
Company Contact: Mark LaVerghetta Vice President of Corporate Finance and Communications 317-855-9926 ext. 0investor@americanresourcescorp.com
SOURCE: American Resources Corporation
View the original press release on accesswire.comAmerican Res just reported results for the second quarter of 2024.
InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.
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American Resources Corp AREC.OQ reported a quarterly adjusted loss of 9 cents per share for the quarter ended in June, lower than the same quarter last year, when the company reported EPS of -1 cents. The mean expectation of two analysts for the quarter was for a loss of 7 cents per share. Wall Street expected results to range from -9 cents to -5 cents per share.
Revenue rose 106.7% to $4.10 million from a year ago; analysts expected $2.05 million.
American Resources Corp's reported EPS for the quarter was a loss of 9 cents.
The company reported a quarterly loss of $6.62 million.
American Resources Corp shares had fallen by 15.2% this quarter and lost 58.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 75% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
The average consensus recommendation for the electrical components & equipment peer group is also "buy"
Wall Street's median 12-month price target for American Resources Corp is $4.00
This summary was machine generated from LSEG data August 19 at 09:51 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2024 | -0.07 | -0.09 | Missed |
Mar. 31 2024 | -0.06 | -0.03 | Beat |
Dec. 31 2023 | -0.04 | -0.14 | Missed |
Sep. 30 2023 | -0.14 | 0.05 | Beat |
Keywords: AMERICAN RSRCS-RESULTS/SUMMARY
American Resources Corporation came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -80%. A quarter ago, it was expected that this company would post a loss of $0.06 per share when it actually produced a loss of $0.03, delivering a surprise of 50%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
American Resources, which belongs to the Zacks Mining - Miscellaneous industry, posted zero revenues for the quarter ended June 2024, missing the Zacks Consensus Estimate by 99.89%. This compares to year-ago revenues of $1.98 million. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
American Resources shares have lost about 58.4% since the beginning of the year versus the S&P 500's gain of 16.4%.
What's Next for American Resources?
While American Resources has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for American Resources: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.02 on $8.7 million in revenues for the coming quarter and -$0.13 on $28.8 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Mining - Miscellaneous is currently in the bottom 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Daqo New Energy , another stock in the broader Zacks Basic Materials sector, has yet to report results for the quarter ended June 2024. The results are expected to be released on August 26.
This solar panel parts maker is expected to post quarterly loss of $0.24 per share in its upcoming report, which represents a year-over-year change of -117.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Daqo New Energy's revenues are expected to be $406.5 million, down 36.2% from the year-ago quarter.
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