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

American Resources Co. (NASDAQ:AREC) saw some unusual options trading on Monday. Stock traders purchased 2,046 call options on the stock. This is an increase of approximately 3,000% compared to the typical volume of 66 call options.

Analyst Upgrades and Downgrades

Separately, D. Boral Capital reiterated a “buy” rating and set a $4.00 target price on shares of American Resources in a research report on Tuesday, January 7th.

Institutional Investors Weigh In On American Resources

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in American Resources by 2.5% in the third quarter. Geode Capital Management LLC now owns 637,722 shares of the company’s stock valued at $580,000 after acquiring an additional 15,350 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of American Resources by 84.5% in the 4th quarter. Jane Street Group LLC now owns 43,809 shares of the company’s stock valued at $44,000 after purchasing an additional 20,070 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of American Resources during the fourth quarter worth $28,000. Institutional investors and hedge funds own 9.32% of the company’s stock.

American Resources Stock Down 4.7 %

NASDAQ AREC opened at $0.61 on Wednesday. The company has a market capitalization of $46.85 million, a price-to-earnings ratio of -1.55 and a beta of 0.97. American Resources has a twelve month low of $0.38 and a twelve month high of $1.59. The stock has a fifty day simple moving average of $0.54 and a 200 day simple moving average of $0.82.

About American Resources

American Resources Corporation, together with its subsidiaries, extracts, processes, transports, and sells metallurgical coal to the steel and industrial industries. It supplies raw materials; and sells coal used in pulverized coal injections. The company was founded in 2006 and is headquartered in Fishers, Indiana.