American Resources Corp (AREC)

[RandyKCMO]

ONE OF MY RULES OF THUMB... Don't buy stocks trading near their 52 week high...

UNLESS you know or believe that there is much higher ground ahead.

What about AREC? It came public through a reverse merger in early 2018.

It's traded between 5 cents and $8.00. It's been trading over $5 per share since early September and seemingly holding its own above $7 for the last two weeks.

At present, the public float is 98,000 shares... 1.04 shares outstanding. There are more shares when fully diluted, but these belong to management which they received in exchange or debt they were owed... (fully diluted 17.1 million).

What are shares of AREC worth? There's the question that will be answered in the next few weeks and months.

(see next post)