Investors Purchase High Volume of Call Options on American Resources (NASDAQ:AREC)

American Resources Corporation (NASDAQ:AREC) saw unusually large options trading activity on Monday. Stock traders purchased 2,600 call options on the stock. This represents an increase of 35% compared to the average daily volume of 1,919 call options.

American Resources Stock Up 1.0%

Shares of American Resources stock opened at $2.06 on Wednesday. American Resources has a 1-year low of $1.48 and a 1-year high of $7.11. The company has a market capitalization of $220.36 million, a PE ratio of -5.02 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.19 and a quick ratio of 2.19. The business has a 50-day moving average of $2.22 and a 200-day moving average of $2.34.

American Resources Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, August 25th. Shareholders of record on Saturday, August 15th were issued a dividend of $0.0431 per share. The ex-dividend date was Friday, August 14th.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AREC shares. Wall Street Zen raised shares of American Resources from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of American Resources in a research report on Tuesday, September 8th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, American Resources currently has an average rating of “Moderate Buy” and a consensus target price of $6.00.

Hedge Funds Weigh In On American Resources

Several institutional investors and hedge funds have recently made changes to their positions in AREC. State of Wyoming increased its stake in American Resources by 63.9% during the first quarter. State of Wyoming now owns 21,348 shares of the company’s stock valued at $52,000 after purchasing an additional 8,320 shares during the last quarter. Kingsbury Capital Investment Advisors LLC lifted its position in shares of American Resources by 8.8% in the 2nd quarter. Kingsbury Capital Investment Advisors LLC now owns 118,193 shares of the company’s stock worth $254,000 after buying an additional 9,562 shares during the last quarter. MSH Capital Advisors LLC acquired a new position in shares of American Resources in the 4th quarter valued at about $25,000. CTC Alternative Strategies Ltd. acquired a new position in shares of American Resources in the 1st quarter valued at about $25,000. Finally, SummitTX Capital L.P. bought a new stake in shares of American Resources during the 1st quarter valued at about $30,000. 9.32% of the stock is currently owned by hedge funds and other institutional investors.

About American Resources

American Resources Corporation (NASDAQ: AREC) is a U.S.-based natural resources and critical-minerals company. Through its operating subsidiaries, the company is focused on the extraction, processing and recycling of materials used in infrastructure, energy and advanced technology applications.

American Resources has historically operated in the Central Appalachian coal region, producing and processing metallurgical carbon products used in steelmaking. Its resource activities have included coal properties and processing facilities in eastern Kentucky and surrounding Appalachian markets, although the company has increasingly emphasized its critical-minerals and technology businesses.

Through ReElement Technologies, American Resources develops refining and separation technologies for rare earth elements and other critical minerals.