American Resources Corporation Declares Dividend of $0.04 (NASDAQ:AREC)

American Resources Corporation (NASDAQ:AREC) declared a dividend on Friday, July 24th. Stockholders of record on Saturday, August 15th will be given a dividend of 0.0431 per share on Tuesday, August 25th. The ex-dividend date of this dividend is Friday, August 14th.

American Resources Stock Down 1.7%

Shares of NASDAQ:AREC traded down $0.03 during midday trading on Friday, hitting $1.74. 1,384,095 shares of the stock were exchanged, compared to its average volume of 3,497,313. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.19 and a current ratio of 2.19. American Resources has a 52-week low of $1.00 and a 52-week high of $7.11. The business’s fifty day simple moving average is $2.06 and its two-hundred day simple moving average is $2.60. The company has a market capitalization of $186.13 million, a PE ratio of -4.24 and a beta of 1.11.

American Resources (NASDAQ:AREC) last issued its earnings results on Tuesday, May 19th. The company reported $0.75 EPS for the quarter. The firm had revenue of ($0.10) million during the quarter. As a group, research analysts predict that American Resources will post -0.44 earnings per share for the current fiscal year.

American Resources Company Profile

American Resources Corporation (NASDAQ:AREC) is a diversified energy and critical minerals company focused on reclaiming coal refuse and mining high‐quality steam and metallurgical coal. The firm employs a vertically integrated business model that encompasses raw material extraction, on‐site processing and product delivery, supplying coal to power generators, steel manufacturers and industrial users.

Operating primarily in the Central Appalachian region of the United States, American Resources holds mining leases and reclamation permits across multiple sites in Kentucky, West Virginia and Indiana.