American Resources Corporation (AREC) News

Ok, so if lies and manipulation hurt the share price, the truth should help the share price. Well, here’s the truth.

Financial Results for First Quarter 2024

For the first quarter of 2024, American Resources reported a net income loss of $6.23 million or a loss of $0.03 per share, as compared with a net income loss $3.1 million or loss of $0.04 per share in the prior year period.

I’ll just sit back and wait for the rally.

American Resources Responds To Recent Market Volatility In Its Stock Price And False Information Posted In Certain Online Chat Rooms Stating It Is Issuing 20M Shares At $0.48 Per Share; CEO Mark Jensen Says "We Can Definitively State That The Recent Comments Alleging American Resources Is Raising Equity Capital At $0.48 Are Entirely False"
Benzinga 2024-06-14T09:04:00-04:00
American Resources Corporation (AREC.NaE)'s (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, responds to recent market volatility in its stock price and false information posted in certain online chat rooms stating American Resources Corporation (AREC.NaE) is issuing 20 million shares at 48 cents per share.

Mark Jensen, Chief Executive Officer of American Resources (AREC.NaE) states, "We find it highly disturbing and damaging to our shareholders that individuals or hedge funds with ulterior motives will put out false information to drive our stock price down at the expense of our shareholders. We can definitively state that the recent comments alleging American Resources (AREC.NaE) is raising equity capital at 48 cents are entirely false. Such comments are nefarious, manipulative and damaging to our stockholders. We have notified our counsel and are filing a complaint with the SEC and NASDAQ to investigate the posts that have been made and the resulting trading activity in American Resources Corporation (AREC.NaE)'s common stock. We also believe naked short selling is systemic in the market and we hope the regulators investigate such activities and the use of false information to manipulate stock prices."

Yep, It seems you post your reporting on stuff I try to kick in the face!
Well done!

Whoops, I did it, again

Jensen is really going to be surprised when he wakes up from his afternoon nap.

AREC new 52 week low

$1.11 loaded
$1.10 expored

AREC had $90,000 in sales. Unfortunately, under a dollar is coming.

$1.24 filled looking for $1.23

Roth MKM Maintains Buy on American Res, Maintains $5 Price Target
BENZINGA 8:05 AM ET 5/24/2024
Roth MKM analyst Mike Niehuser maintains American Res with a Buy and maintains $5 price target.

Zacks Consensus Estimate

This company is expected to post quarterly loss of $0.06 per share in its upcoming report, which represents a year-over-year change of -50%.

Revenues are expected to be $0.1 million, down 98.9% from the year-ago quarter.

I guess it could be worse. Revenues could be expected to be down 99% from the year-ago quarter.

$1.27-$1.29 filled

1000 sold $1.38

Sold $1.36 (1000)/ 2000 to go higher, soon hopefully

Sold some $1.32
Looking good!

Not yet. Got some $1.24s average about $1.30s
Anything under is pure $

Did you get a fill at $1.23?

I’m still trying to get $1.23 but it’s up from here I think.
GL

I’m back in at $1.27. Good luck to all of us!

Jumping back up$$!

$1.26 filled

$1.28 filled! Run up pending

$1.31 filled
Extended has it at $1.42 nice!

$1.32 is a great price!

Great chart!
Will definitely take another position when it takes another break.

Amen!

Absolutely! Another favorable swing trade outcome for me. Time for a pullback so I can get back in for another trip to the bank.

Nice p0p

This has always paid$$

Nice pop!
Never disappoints

They name companies all over Africa but a domestic auto company is somehow top secret. It sounds like they have contracted to receive old EV motors and maybe batteries. They could have contracted for 10 a year for all we know. The market is betting the value of the contract is insignificant.

Lots of talk and great PR’s but very little in the way of actual revenue and results.

Like you say, until they an actually put up some solid results and earn some trust in being able to execute it will be more of the same.

Murocman

ReElement Technologies partners with domestic Auto manufacturer and crickets. Nobody trusts this management team.

Profits!

$$ never disappoints!

Always disappoints.

Never disappoints

$1.27 filled! Keep on coming down.

I have seen developments in the last couple of years, some were underreported. (Uncommon that you dont see a company out misleading shareholders).

Ownership of powerful resources is important in these times.
GL
Blessings

The question is, can AREC?

So far lots of talk but no production and no revenue.

Murocman

$1.31 is a sweet spot in my opinion.
How many companies in the US are left that can produce these important resources?

Nice way to behave!

Loaded up today.
Thankful

$$
Never has disappointed

Loss of .14 cents per share forecasted for 3rd qtr. That will not go over well.

Yup. Wash. Rinse. Repeat.

Well done!
You know I always come back for more.

I’ll take that double digit gain and wait in line for another ride. Thanks!

Almost gone again.
AREC never disappoints

Nice pop! Easy $