American Resources (NASDAQ:AREC) Posts Quarterly Earnings Results, Misses Expectations By $0.19 EPS

American Resources (NASDAQ:AREC) issued its quarterly earnings data on Monday. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.19), Zacks reports.

American Resources Stock Performance

American Resources stock traded down $0.03 during trading hours on Monday, reaching $0.90. 794,810 shares of the company’s stock traded hands, compared to its average volume of 1,778,930. The firm has a market capitalization of $69.85 million, a price-to-earnings ratio of -2.31 and a beta of 1.02. The firm’s 50 day moving average is $0.72 and its 200-day moving average is $0.82. American Resources has a fifty-two week low of $0.38 and a fifty-two week high of $1.68.

About American Resources

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.