American Resources Co. (NASDAQ:AREC - Get Free Report)'s share price was up 5.4% during mid-day trading on Monday . The company traded as high as $0.70 and last traded at $0.68. Approximately 567,606 shares traded hands during trading, an increase of 20% from the average daily volume of 473,546 shares. The stock had previously closed at $0.65.
Analysts Set New Price Targets
Separately, D. Boral Capital reaffirmed a "buy" rating and issued a $4.00 price target on shares of American Resources in a research report on Tuesday, January 7th.
Read Our Latest Analysis on American Resources
American Resources Price Performance
The company's 50 day simple moving average is $0.91 and its two-hundred day simple moving average is $0.84. The stock has a market capitalization of $53.00 million, a P/E ratio of -1.76 and a beta of 0.22.
Institutional Inflows and Outflows
An institutional investor recently raised its position in American Resources stock. Geode Capital Management LLC raised its position in American Resources Co. (NASDAQ:AREC - Free Report) by 2.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 637,722 shares of the company's stock after acquiring an additional 15,350 shares during the period. Geode Capital Management LLC owned about 0.82% of American Resources worth $580,000 as of its most recent filing with the SEC. Institutional investors own 9.32% of the company's stock.
About American Resources
(
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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