American Resources Corp (AREC)

[glenn1919]

arec.......................https://stockcharts.com/h-sc/ui?s=AREC&p=W&b=5&g=0&id=p86431144783

[glenn1919]

AREC....................https://stockcharts.com/h-sc/ui?s=AREC&p=W&b=5&g=0&id=p86431144783

[KingOfSwing...Trading]

Amen!

[Dubster watching]

A pulse!

[stockcatman]

Never fail to disappoint. It looks like they spent almost 3 million to lose 6 million. They could have bought 3 mil lottery tickets.

[Monksdream]

AREC 10Q due AUGUST19

[stockcatman]

Another day, another 52 week low. It’s almost like they’re not even trying. 🤔

[Monksdream]

AREC new 52 week low

[stockcatman]

NASDAQ is up 450 and AREC hits a new 52 week low. Earnings report next week should take this into an even deeper hole.

[Monksdream]

AREC new 52 week low

[Monksdream]

AREC new 52 week low

[KingOfSwing...Trading]

We are on the same boat. Good luck to all of us.

[Dubster watching]

No kidding.
For the first time in years I am massively red on this frequently traded security of mine.
Perhaps a turn around play at this point.
Or not…
Gl

[stockcatman]

A month after the company responded to market volatility and a fraudulent assertion the company was offering shares at .48 cents the share price is lower. Good to see they got that straightened out.

[Dubster watching]

$$

[Dubster watching]

Undervalued!
Nice to see some green here again. It’s been s while.

[glenn1919]

AREC................................https://stockcharts.com/h-sc/ui?s=AREC&p=W&b=5&g=0&id=p86431144783

[stockcatman]

Ok, so if lies and manipulation hurt the share price, the truth should help the share price. Well, here’s the truth.

Financial Results for First Quarter 2024

For the first quarter of 2024, American Resources reported a net income loss of $6.23 million or a loss of $0.03 per share, as compared with a net income loss $3.1 million or loss of $0.04 per share in the prior year period.

I’ll just sit back and wait for the rally.

[Dubster watching]

American Resources Responds To Recent Market Volatility In Its Stock Price And False Information Posted In Certain Online Chat Rooms Stating It Is Issuing 20M Shares At $0.48 Per Share; CEO Mark Jensen Says "We Can Definitively State That The Recent Comments Alleging American Resources Is Raising Equity Capital At $0.48 Are Entirely False"
Benzinga 2024-06-14T09:04:00-04:00
American Resources Corporation (AREC.NaE)'s (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, responds to recent market volatility in its stock price and false information posted in certain online chat rooms stating American Resources Corporation (AREC.NaE) is issuing 20 million shares at 48 cents per share.

Mark Jensen, Chief Executive Officer of American Resources (AREC.NaE) states, "We find it highly disturbing and damaging to our shareholders that individuals or hedge funds with ulterior motives will put out false information to drive our stock price down at the expense of our shareholders. We can definitively state that the recent comments alleging American Resources (AREC.NaE) is raising equity capital at 48 cents are entirely false. Such comments are nefarious, manipulative and damaging to our stockholders. We have notified our counsel and are filing a complaint with the SEC and NASDAQ to investigate the posts that have been made and the resulting trading activity in American Resources Corporation (AREC.NaE)'s common stock. We also believe naked short selling is systemic in the market and we hope the regulators investigate such activities and the use of false information to manipulate stock prices."

[Dubster watching]

Yep, It seems you post your reporting on stuff I try to kick in the face!
Well done!

[Monksdream]

Whoops, I did it, again

[stockcatman]

Jensen is really going to be surprised when he wakes up from his afternoon nap.

[Monksdream]

AREC new 52 week low

[Dubster watching]

$1.11 loaded
$1.10 expored

[stockcatman]

AREC had $90,000 in sales. Unfortunately, under a dollar is coming.

[Dubster watching]

$1.24 filled looking for $1.23

[Dubster watching]

Roth MKM Maintains Buy on American Res, Maintains $5 Price Target
BENZINGA 8:05 AM ET 5/24/2024
Roth MKM analyst Mike Niehuser maintains American Res with a Buy and maintains $5 price target.

[stockcatman]

Zacks Consensus Estimate

This company is expected to post quarterly loss of $0.06 per share in its upcoming report, which represents a year-over-year change of -50%.

Revenues are expected to be $0.1 million, down 98.9% from the year-ago quarter.

I guess it could be worse. Revenues could be expected to be down 99% from the year-ago quarter.

[Dubster watching]

$1.27-$1.29 filled

[Dubster watching]

1000 sold $1.38

[Dubster watching]

Sold $1.36 (1000)/ 2000 to go higher, soon hopefully

[Dubster watching]

Sold some $1.32
Looking good!

[Dubster watching]

Not yet. Got some $1.24s average about $1.30s
Anything under is pure $

[KingOfSwing...Trading]

Did you get a fill at $1.23?

[Dubster watching]

I’m still trying to get $1.23 but it’s up from here I think.
GL

[KingOfSwing...Trading]

I’m back in at $1.27. Good luck to all of us!

[Dubster watching]

Jumping back up$$!

[Dubster watching]

$1.26 filled

[Dubster watching]

$1.28 filled! Run up pending

[Dubster watching]

$1.31 filled
Extended has it at $1.42 nice!

[Dubster watching]

$1.32 is a great price!

[Dubster watching]

Great chart!
Will definitely take another position when it takes another break.

[Dubster watching]

Amen!

[KingOfSwing...Trading]

Absolutely! Another favorable swing trade outcome for me. Time for a pullback so I can get back in for another trip to the bank.

[Dubster watching]

Nice p0p

[Dubster watching]

This has always paid$$

[Dubster watching]

Nice pop!
Never disappoints

[stockcatman]

They name companies all over Africa but a domestic auto company is somehow top secret. It sounds like they have contracted to receive old EV motors and maybe batteries. They could have contracted for 10 a year for all we know. The market is betting the value of the contract is insignificant.

[murocman]

Lots of talk and great PR’s but very little in the way of actual revenue and results.

Like you say, until they an actually put up some solid results and earn some trust in being able to execute it will be more of the same.

Murocman

[stockcatman]

ReElement Technologies partners with domestic Auto manufacturer and crickets. Nobody trusts this management team.