American Resources Target of Unusually High Options Trading (NASDAQ:AREC)

American Resources Corporation (NASDAQ:AREC) was the target of some unusual options trading activity on Monday. Traders purchased 2,600 call options on the stock. This is an increase of approximately 35% compared to the typical volume of 1,919 call options.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AREC shares. Weiss Ratings restated a “sell (d+)” rating on shares of American Resources in a report on Tuesday, September 8th. Wall Street Zen upgraded shares of American Resources from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.00.

American Resources Stock Down 2.8%

Shares of NASDAQ:AREC traded down $0.06 during mid-day trading on Monday, hitting $2.08. 458,019 shares of the company traded hands, compared to its average volume of 3,207,132. The stock has a 50-day moving average price of $2.21 and a two-hundred day moving average price of $2.35. American Resources has a 12-month low of $1.48 and a 12-month high of $7.11. The stock has a market cap of $222.60 million, a P/E ratio of -5.08 and a beta of 1.19. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.14.

American Resources Dividend Announcement

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

Institutional Trading of American Resources

Several institutional investors have recently made changes to their positions in the company. Creative Planning raised its holdings in shares of American Resources by 65.5% in the second quarter. Creative Planning now owns 37,892 shares of the company’s stock valued at $31,000 after purchasing an additional 15,000 shares during the last quarter. JPMorgan Chase & Co. grew its position in American Resources by 86,418.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 122,856 shares of the company’s stock worth $102,000 after purchasing an additional 122,714 shares in the last quarter. XTX Topco Ltd purchased a new stake in American Resources in the 2nd quarter valued at about $33,000. Jane Street Group LLC purchased a new stake in American Resources in the 2nd quarter valued at about $139,000. Finally, Vanguard Group Inc. lifted its position in shares of American Resources by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 3,124,973 shares of the company’s stock worth $8,437,000 after buying an additional 120,065 shares in the last quarter. Institutional investors own 9.32% of the company’s stock.

American Resources Company Profile

American Resources Corporation (NASDAQ:AREC) is a diversified energy and critical minerals company focused on reclaiming coal refuse and mining high‐quality steam and metallurgical coal. The firm employs a vertically integrated business model that encompasses raw material extraction, on‐site processing and product delivery, supplying coal to power generators, steel manufacturers and industrial users.

Operating primarily in the Central Appalachian region of the United States, American Resources holds mining leases and reclamation permits across multiple sites in Kentucky, West Virginia and Indiana.