American Resources Corp (AREC)

[White Coal]

(AREC)-The Top 5 Penny Stocks to Buy Right Now-

It has been a few months since President Joe Biden announced a comprehensive $2 trillion infrastructure package to support the post-pandemic economy.

The plan includes roughly $2 trillion in spending over ten years and would raise corporate tax rates to 28%, up from 25%. The new funds generated will go towards funding public works projects like roads construction or airport renovations.

Naturally, the construction industry will benefit from the passage of this plan. So, it makes sense American Resources is generating a lot of interest. The Indiana-based company is a supplier of raw materials for the global infrastructure marketplace. The company’s primary focus has been on providing metallurgical carbon and PCI. Rapid expansion into other areas like transportation services for finished goods or temporary storage facilities during construction processes is considered a potential opportunity in the future.

Total revenue for the latest quarter was $393,210 compared to 226,836 during second-quarter 2020. In addition, it raised $30.1 million in the sale of 8.6 million shares to institutional investors through a registered direct offering. However, investors were decidedly miffed at the company’s overall loss, which was attributable to supply chain issues caused by the pandemic. Now that things are clearing up, though, the time is right to invest in this one and take advantage of the upside.

https://investorplace.com/2021/10/the-top-5-penny-stocks-to-buy-heading-into-the-holidays-arec-ship-ipdn-rycey-petz/