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

American Resources (NASDAQ:ARECGet Free Report) released its quarterly earnings results 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 company had revenue of $0.09 million for the quarter, compared to analyst estimates of $0.10 million. During the same period in the previous year, the company posted ($0.04) earnings per share.

American Resources Stock Down 0.4 %

Shares of AREC traded down $0.01 during mid-day trading on Wednesday, reaching $1.28. The company had a trading volume of 72,245 shares, compared to its average volume of 228,166. American Resources has a 52 week low of $1.20 and a 52 week high of $2.16. The company has a market capitalization of $100.95 million, a price-to-earnings ratio of -9.14 and a beta of 0.41. The firm has a 50-day moving average price of $1.41 and a 200 day moving average price of $1.46. The company has a debt-to-equity ratio of 230.66, a quick ratio of 1.93 and a current ratio of 1.93.

American Resources Company Profile

(Get Free Report)

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.

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Earnings History for American Resources (NASDAQ:AREC)

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