Investors Purchase Large Volume of Put Options on American Resources (NASDAQ:AREC)

American Resources Corporation (NASDAQ:AREC) was the recipient of some unusual options trading on Thursday. Traders acquired 16,039 put options on the company. This is an increase of 124% compared to the typical daily volume of 7,148 put options.

Insider Transactions at American Resources

In other American Resources news, major shareholder Properties Ltd. Golden sold 290,000 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $4.13, for a total transaction of $1,197,700.00. Following the sale, the insider owned 10,288,832 shares in the company, valued at approximately $42,492,876.16. This trade represents a 2.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 2,564,818 shares of company stock valued at $10,405,579. Corporate insiders own 16.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Northwest Financial Advisors purchased a new stake in American Resources during the third quarter valued at $27,000. Belvedere Trading LLC bought a new stake in shares of American Resources in the 3rd quarter worth about $30,000. Creative Planning raised its position in shares of American Resources by 65.5% during the 2nd quarter. Creative Planning now owns 37,892 shares of the company’s stock valued at $31,000 after buying an additional 15,000 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of American Resources during the 2nd quarter valued at about $33,000. Finally, Nomura Holdings Inc. bought a new position in shares of American Resources in the 3rd quarter valued at about $33,000. 9.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wall Street Zen downgraded shares of American Resources from a “hold” rating to a “sell” rating in a research report on Saturday. Roth Capital reiterated a “buy” rating and issued a $5.00 price target on shares of American Resources in a research note on Monday, October 13th. D Boral Capital raised American Resources to a “strong-buy” rating in a report on Monday, September 15th. Maxim Group started coverage on American Resources in a research note on Wednesday, November 26th. They issued a “buy” rating and a $7.00 price objective for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of American Resources in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $6.00.

American Resources Trading Up 5.6%

Shares of AREC stock opened at $2.28 on Friday. American Resources has a 12-month low of $0.38 and a 12-month high of $7.11. The stock’s 50-day moving average price is $3.37 and its 200-day moving average price is $2.27. The stock has a market capitalization of $231.17 million, a price-to-earnings ratio of -5.56 and a beta of 1.12.

American Resources (NASDAQ:AREC) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.05. The firm had revenue of $0.05 million for the quarter, compared to the consensus estimate of $0.01 million. As a group, research analysts predict that American Resources will post -0.38 EPS for the current fiscal year.

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.