AREC
American Resources Corporation
NasdaqCMUSDEQUITY
Industrials
DELAYED
Sell
-43/100
Last price
1.70
▼ 0.04 (2.30%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
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Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
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Range —
Vol —
vs
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Open
—
Prev close
1.74
Day high
1.77
Day low
1.70
Volume
1.42M
Market cap
$181.85M
P/E (TTM)
—
52W range
1.48 – 7.11
Trailing performance
Returnvs SPY
1W
-6.08%
-8.0%
1M
-30.04%
-31.2%
3M
-7.10%
-11.6%
6M
-23.60%
-41.8%
YTD
-31.45%
-45.7%
1Y
-54.05%
-70.5%
3Y
+1.80%
-80.5%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on AREC open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
20.59M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Nov 10, 25 | GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security |
SELL | 300.00K | $1.24M | Direct |
| Nov 10, 25 | GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security |
SELL | 330.00K | $1.33M | Direct |
| Nov 10, 25 | GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security |
SELL | 26.84K | $109.66K | Direct |
| Nov 7, 25 | GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security |
SELL | 196.11K | $792.23K | Direct |
| Nov 5, 25 | GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security |
SELL | 118.89K | $478.12K | Direct |
| Nov 4, 25 | GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security |
SELL | 92.97K | $372.34K | Direct |
| Oct 20, 25 | GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security |
SELL | 20.00K | $82.40K | Direct |
| Oct 17, 25 | GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security |
SELL | 980.00K | $3.98M | Direct |
| Aug 19, 25 | GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security |
SELL | 1.00M | $1.26M | Direct |
| Jul 31, 25 | GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security |
SELL | 1.00M | $1.12M | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
GOLDEN PROPERTIES, LTD. |
Beneficial Owner of more than 10% of a Class of Security | 10.29M | Sale |
Fundamentals
Market cap$181.85M
Enterprise value$128.34M
Revenue (TTM)—
Gross profit$-321.49K
EBITDA$-10.47M
Net income$-17.81M
EPS (TTM)$-0.20
Free cash flow$-72.50M
Total cash$72.17M
Total debt$20.25M
Book value / share$0.89
Shares outstanding106.97M
Float86.13M
Short % of float13.09%
Dividend yield0.00%
Beta (5Y)1.17
Valuation & profitability ratios
Trailing P/E—
Forward P/E2.02
PEG ratio—
Price / sales—
Price / book1.92
EV / revenue—
EV / EBITDA-12.26
Gross margin0.00%
Operating margin0.00%
Profit margin0.00%
Return on equity-290.66%
Return on assets-2.94%
Debt / equity21.73
Current ratio2.19
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $0 | $34.07K | $11.82M | $39.47M | — | -100.0% |
| Operating revenue | $0 | $34.07K | $11.82M | $39.47M | — | -100.0% |
| Cost of revenue | $321.49K | $542.53K | $10.57M | $25.47M | — | -40.7% |
| Gross profit | -$321.49K | -$508.46K | $1.25M | $14.00M | — | +36.8% |
| Research & development | $107.51K | $434.79K | $11.31M | $28.13M | — | -75.3% |
| Selling, general & admin | $10.04M | $13.15M | $12.21M | $5.12M | — | -23.7% |
| Total operating expense | $10.27M | $13.71M | $28.09M | $38.00M | — | -25.1% |
| Operating income | -$10.59M | -$14.22M | -$26.84M | -$24.00M | — | +25.5% |
| Net interest income | -$1.19M | -$1.44M | -$1.96M | -$1.40M | — | +17.8% |
| Pre-tax income | -$17.83M | -$15.96M | -$38.72M | -$1.45M | — | -11.7% |
| Net income | $55.41M | -$39.12M | -$38.53M | -$1.45M | — | +241.7% |
| Net income to common | $55.41M | -$39.12M | -$38.53M | -$1.45M | — | +241.7% |
| Basic EPS | — | -0.51 | -0.15 | -0.02 | -0.59 | — |
| Diluted EPS | — | -0.51 | -0.15 | -0.02 | -0.59 | — |
| EBIT | -$16.07M | -$14.44M | -$36.74M | -$19.52K | — | -11.3% |
| EBITDA | -$15.95M | -$14.32M | -$33.19M | $3.51M | — | -11.4% |
| Basic shares | — | 77.22M | 75.42M | 66.32M | 55.22M | — |
| Diluted shares | — | 77.22M | 75.42M | 66.32M | 55.22M | — |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $31.70M | $201.46K | $1.32M | $10.87M | — | +15,636.4% |
| Cash & short-term investments | $72.17M | $788.81K | $2.67M | $10.87M | — | +9,049.5% |
| Accounts receivable | $59.37M | $81.57M | $0 | $660.75K | — | -27.2% |
| Inventory | — | $959.99K | $129.99K | $446.69K | $0 | — |
| Total current assets | $134.26M | $92.90M | $37.80M | $12.77M | — | +44.5% |
| Property, plant & equipment | $1.90M | $2.39M | $21.55M | $22.15M | — | -20.6% |
| Total assets | $168.91M | $281.65M | $64.73M | $55.92M | — | -40.0% |
| Total current liabilities | $61.21M | $166.40M | $78.27M | $27.43M | — | -63.2% |
| Current debt | — | $45.71M | $45.68M | $11.70M | $5.86M | — |
| Long-term debt | $965.29K | $151.84M | $486.56K | — | $9.17M | -99.4% |
| Total debt | $3.73M | $2.59M | $47.10M | $23.49M | — | +43.9% |
| Total liabilities | $75.72M | $362.57M | $109.73M | $55.63M | — | -79.1% |
| Retained earnings | -$210.36M | -$265.77M | -$225.29M | -$167.24M | — | +20.8% |
| Shareholder equity | $94.78M | -$79.36M | -$43.53M | $284.70K | — | +219.4% |
| Working capital | $73.05M | -$73.50M | -$40.47M | -$14.67M | — | +199.4% |
| Net tangible assets | $94.78M | -$79.36M | -$43.53M | $284.70K | — | +219.4% |
| Shares issued | 106.92M | 78.02M | 76.25M | 66.78M | — | +37.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$17.83M | -$15.96M | -$38.72M | -$1.45M | — | -11.7% |
| Depreciation & amortisation | $122.92K | $123.25K | $3.55M | $3.53M | — | -0.3% |
| Stock-based compensation | $9.24M | $3.27M | $3.29M | — | — | +182.0% |
| Change in working capital | -$7.02M | $13.51M | $11.69M | $4.83M | — | -152.0% |
| Operating cash flow | -$10.41M | $1.99M | -$19.52M | $2.55M | — | -622.7% |
| Capital expenditure | -$37.30K | -$1.06M | -$3.62M | — | -$3.07M | +96.5% |
| Investing cash flow | -$39.36M | $945.97K | -$31.74M | -$1.13M | — | -4,260.9% |
| Share buybacks | — | — | $0 | -$93.44K | -$5.65M | — |
| Financing cash flow | $81.27M | -$4.35M | $45.35M | -$1.02M | — | +1,967.5% |
| Free cash flow | -$10.45M | $1.99M | -$23.14M | $2.55M | — | -624.6% |
| End cash position | $37.89M | $4.11M | $5.08M | $13.00M | — | +821.2% |
| Line item | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|
| Total revenue | -$95.35K | $165 | $13.26K | $31.93K | -57,887.3% |
| Operating revenue | -$95.35K | $165 | $13.26K | $31.93K | -57,887.3% |
| Cost of revenue | -$167.11K | $70.66K | $258.22K | $186.30K | -336.5% |
| Gross profit | $71.76K | -$70.49K | -$244.96K | -$154.37K | +201.8% |
| Research & development | -$934.20K | $385.45K | — | $325.50K | -342.4% |
| Selling, general & admin | -$1.21M | $2.80M | $5.07M | $3.38M | -143.2% |
| Total operating expense | -$5.22M | $4.25M | $6.47M | $4.77M | -222.7% |
| Operating income | $5.29M | -$4.32M | -$6.71M | -$4.92M | +222.3% |
| Net interest income | $4.59M | -$1.97M | -$2.06M | -$1.75M | +332.8% |
| Pre-tax income | $3.79M | -$7.70M | -$8.67M | -$6.66M | +149.2% |
| Net income | $77.03M | -$4.40M | -$8.67M | -$6.65M | +1,850.0% |
| Net income to common | $77.03M | -$4.40M | -$8.67M | -$6.65M | +1,850.0% |
| Basic EPS | — | -0.05 | -0.10 | -0.08 | — |
| Diluted EPS | — | -0.05 | -0.10 | -0.08 | — |
| EBIT | -$245.19K | -$5.72M | -$6.61M | -$4.90M | +95.7% |
| EBITDA | -$2.58M | -$4.77M | -$5.67M | -$3.96M | +46.0% |
| Basic shares | — | 84.31M | 82.85M | 78.95M | — |
| Diluted shares | — | 84.31M | 82.85M | 78.95M | — |
| Line item | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $31.70M | $2.08M | $2.28M | $24.62K | +1,422.8% |
| Cash & short-term investments | $72.17M | $2.08M | $2.28M | $24.62K | +3,366.8% |
| Accounts receivable | $59.37M | — | — | — | — |
| Inventory | — | $1.08M | $1.08M | $1.08M | — |
| Total current assets | $134.26M | $8.79M | $9.54M | $8.63M | +1,428.0% |
| Property, plant & equipment | $1.90M | $36.71M | $36.88M | $38.08M | -94.8% |
| Total assets | $168.91M | $201.20M | $200.45M | $202.76M | -16.1% |
| Total current liabilities | $61.21M | $83.62M | $82.30M | $85.97M | -26.8% |
| Current debt | — | $45.94M | $45.74M | $45.74M | — |
| Long-term debt | $965.29K | $158.23M | $155.68M | $153.29M | -99.4% |
| Total debt | $3.73M | $228.60M | $225.34M | $221.62M | -98.4% |
| Total liabilities | $75.72M | $296.20M | $292.64M | $289.26M | -74.4% |
| Retained earnings | -$210.36M | -$287.52M | -$282.08M | -$273.42M | +26.8% |
| Shareholder equity | $94.78M | -$93.43M | -$90.63M | -$84.94M | +201.4% |
| Working capital | $73.05M | -$74.83M | -$72.76M | -$77.34M | +197.6% |
| Net tangible assets | $94.78M | -$93.43M | -$90.63M | -$84.94M | +201.4% |
| Shares issued | 106.92M | 85.98M | 84.31M | 80.49M | +24.4% |
| Line item | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|
| Net income | $3.79M | -$7.69M | -$8.67M | -$6.66M | +149.2% |
| Depreciation & amortisation | -$2.71M | $949.95K | $940.00K | $942.55K | -385.2% |
| Stock-based compensation | $7.41M | — | — | $518.62K | — |
| Change in working capital | -$12.12M | $3.88M | -$895.95K | $3.47M | -412.6% |
| Operating cash flow | $273.39K | -$536.42K | -$7.45M | -$1.43M | +151.0% |
| Investing cash flow | -$43.29M | $96.83K | -$148.96M | $151.65M | -44,809.1% |
| Financing cash flow | $71.93M | $3.24M | $5.90M | $76.80K | +2,123.1% |
| Free cash flow | $236.10K | -$1.41M | -$7.45M | -$1.43M | +116.7% |
| End cash position | $37.89M | $6.70M | $3.90M | $154.40M | +465.5% |
Options analytics
Put / call volume
2.74
Put-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
1.00
-41.2% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
72
Contracts, this expiry
Put volume
197
Contracts, this expiry
Heaviest call OI
0.50
0 contracts
Heaviest put OI
1.00
24 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Dec 2025 | -0.13 | — | — |
| Sep 2025 | -0.15 | -0.07 | +50.6% |
| Jun 2025 | — | -0.10 | — |
| Mar 2025 | -0.10 | -0.08 | +16.5% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -0.12 | 1 | $0 | -100.0% |
| Next quarter | -0.13 | 1 | $0 | -100.0% |
| Current year | -0.44 | 1 | $9.00M | 0.0% |
| Next year | 0.84 | 1 | $327.00M | +3,533.3% |
Analyst targets & ownership
Mean target$5.67
High target$7.00
Low target$5.00
Implied upside233.33%
Analyst count3
ConsensusSTRONG BUY
Strong buy / Buy1 / 2
Hold0
Sell / Strong sell0 / 0
Held by insiders19.24%
Held by institutions26.57%
Institutions holding134
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
1.81
-6.21% from price
SMA 20
1.94
-12.37% from price
SMA 50
2.24
-24.17% from price
SMA 100
2.15
-20.76% from price
SMA 200
2.50
-31.95% from price
EMA 12
1.85
-7.99% from price
EMA 26
2.00
-14.91% from price
EMA 50
2.10
-19.13% from price
RSI (14)
28.0
Oversold
MACD (12,26,9)
-0.15
Hist -0.01
ATR (14)
0.09
5.39% of price
Realised vol 30D
53.2%
Annualised
Bollinger upper
2.25
20, 2σ
Bollinger lower
1.63
20, 2σ
50 / 200 cross
Death
2.24 vs 2.50
Trend bias
Below 200
-31.95%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
2.85
More volatile than market
Correlation to SPY
0.33
Loosely linked
Realised vol 30D
53.2%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-76.9%
Peak to trough
Max drawdown 5Y
-88.1%
Peak to trough
ATR 14
0.09
5.39% of price
Beta (reported)
1.17
5Y monthly, from filing
Short interest
Shares short
13.75M
Prior 14.08M
Change vs prior
-2.3%
Shorts covering
% of float
13.09%
Elevated
% of shares out
12.86%
Against total outstanding
Days to cover
8.2
Crowded exit
Float
86.13M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Dec 1, 25 | D. Boral Capital | MAINTAINED | Buy | Buy |
| Nov 26, 25 | Maxim Group | INITIATED | — | Buy |
| Oct 20, 25 | William Blair | INITIATED | — | Outperform |
| Jan 7, 25 | D. Boral Capital | MAINTAINED | Buy | Buy |
| Nov 21, 24 | D. Boral Capital | MAINTAINED | Buy | Buy |
| Sep 30, 24 | Roth MKM | MAINTAINED | Buy | Buy |
| Jul 17, 24 | EF Hutton | MAINTAINED | Buy | Buy |
| Jun 3, 24 | EF Hutton | INITIATED | — | Buy |
| May 24, 24 | Roth MKM | MAINTAINED | Buy | Buy |
| Nov 16, 23 | HC Wainwright & Co. | MAINTAINED | Buy | Buy |
| Aug 16, 23 | HC Wainwright & Co. | MAINTAINED | Buy | Buy |
| Jun 29, 23 | HC Wainwright & Co. | MAINTAINED | Buy | Buy |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend dateAug 14, 2026
Next pay dateAug 25, 2026
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-10-05
Corporate Changes & Voting Matters
8-K · 2026-08-26
Corporate Changes & Voting Matters
8-K/A · 2026-07-29
Corporate Changes & Voting Matters
8-K · 2026-07-24
Corporate Changes & Voting Matters
8-K · 2026-07-21
Corporate Changes & Voting Matters
8-K · 2026-06-04
Periodic Financial Reports
10-K · 2026-05-20
Periodic Financial Reports
NT 10-Q · 2026-05-15
Headlines
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American Resources' Electrified Materials to Acquire Blackion in $13.2 Million All-Stock Deal
MT Newswires · 16d ago
American Resources Corporation's Electrified Materials Signs Binding LOI to Acquire Blackion, Expanding Critical Materials and Battery Supply Chain Platform
ACCESS Newswire · 16d ago
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ACCESS Newswire · 29d ago
PRIVATE STRATEGY · BY QUALIFICATION
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