American Resources (NASDAQ:AREC) Releases Earnings Results, Beats Estimates By $0.03 EPS

American Resources (NASDAQ:AREC) issued its quarterly earnings data on Monday. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.03, Yahoo Finance reports. American Resources had a negative return on equity of 135.75% and a negative net margin of 66.89%. The business had revenue of $0.09 million for the quarter, compared to analysts’ expectations of $0.10 million. During the same period last year, the business earned ($0.04) EPS.

American Resources Stock Performance

Shares of American Resources stock traded up $0.00 during trading hours on Wednesday, hitting $1.28. 118,707 shares of the company’s stock traded hands, compared to its average volume of 228,662. The company has a fifty day simple moving average of $1.41 and a 200-day simple moving average of $1.46. American Resources has a 12-month low of $1.20 and a 12-month high of $2.16. The stock has a market capitalization of $101.56 million, a price-to-earnings ratio of -9.21 and a beta of 0.41. The company has a debt-to-equity ratio of 230.66, a current ratio of 1.93 and a quick ratio of 1.93.

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.