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

American Resources (NASDAQ:AREC) posted its quarterly earnings results on Monday. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $0.10 million. During the same period in the previous year, the firm earned ($0.04) EPS.

American Resources Price Performance

NASDAQ AREC opened at $1.28 on Thursday. The stock’s 50 day moving average is $1.40 and its 200 day moving average is $1.46. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 230.66. American Resources has a 12 month low of $1.20 and a 12 month high of $2.16. The stock has a market cap of $101.35 million, a PE ratio of -9.14 and a beta of 0.41.

American Resources Company Profile

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.