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American Resources share price today

American Resources Corporation · AREC · Materials · Coking Coal · price as of the 4 November 2026 close, updated every trading day · results updated weekly · All US stock lists

American Resources share price: $1.00 at the close on 4 November 2026, −75.1% in a year.

$1.00Price −75.1% in a year
1.6×P/E against its own history
$0Revenue (Sep 2025)
−$4.4 MProfit (Sep 2025)

American Resources Corporation's balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers.

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business.

The price has been between phases. But the balance sheet is under water: net worth is negative, so shareholders come after everyone the company owes. What will decide it: whether the business can earn its way back to positive net worth before new shares or a restructuring get there first.

What is the American Resources share price today?

American Resources Corporation's share price was $1.00 at the close on 4 November 2026. That is 56.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between $1 and $4, and at that close it was at the low of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). The phase helps read everything below.

Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 9 weeks running.

Nov 2026: $1.00, 56.7% below its 200-day average.

  • Price $1.00
  • 50-day avg $1.74
  • 200-day avg $2.31
Nov 2026: $1.00, 56.7% below its 200-day average.
WeekPrice50-day avg200-day avg
11 Jul 2025$1.17––
18 Jul 2025$1.35––
25 Jul 2025$1.21––
1 Aug 2025$1.18––
8 Aug 2025$1.61––
15 Aug 2025$1.45––
22 Aug 2025$1.78––
29 Aug 2025$2.06––
5 Sep 2025$1.87––
12 Sep 2025$2.03––
19 Sep 2025$2.87$1.67–
26 Sep 2025$2.78$1.82–
3 Oct 2025$3.70$1.98–
10 Oct 2025$4.08$2.26–
17 Oct 2025$4.00$2.64–
24 Oct 2025$3.88$2.88–
31 Oct 2025$3.85$3.11–
7 Nov 2025$4.01$3.28–
14 Nov 2025$3.02$3.45–
21 Nov 2025$2.67$3.55–
28 Nov 2025$2.78$3.56–
5 Dec 2025$3.00$3.58–
12 Dec 2025$2.57$3.56–
19 Dec 2025$2.28$3.40–
26 Dec 2025$2.68$3.19–
2 Jan 2026$2.72$3.06–
9 Jan 2026$3.37$3.03–
16 Jan 2026$3.57$3.00–
23 Jan 2026$4.37$3.02–
30 Jan 2026$3.16$3.05–
6 Feb 2026$3.08$3.06–
13 Feb 2026$3.08$3.08–
20 Feb 2026$3.02$3.08–
27 Feb 2026$3.00$3.14–
6 Mar 2026$3.14$3.23–
13 Mar 2026$3.11$3.29–
20 Mar 2026$2.59$3.28–
27 Mar 2026$2.28$3.19–
2 Apr 2026$2.45$3.08–
10 Apr 2026$2.19$2.90–
17 Apr 2026$2.25$2.80–
24 Apr 2026$2.14$2.73$2.75
1 May 2026$2.28$2.65$2.78
8 May 2026$2.24$2.57$2.80
15 May 2026$2.20$2.49$2.83
22 May 2026$2.16$2.37$2.85
29 May 2026$2.20$2.30$2.86
5 Jun 2026$2.11$2.28$2.89
12 Jun 2026$2.14$2.26$2.90
18 Jun 2026$2.15$2.24$2.90
26 Jun 2026$2.08$2.23$2.90
2 Jul 2026$1.96$2.21$2.90
10 Jul 2026$1.80$2.18$2.88
17 Jul 2026$1.57$2.12$2.85
24 Jul 2026$1.74$2.06$2.82
31 Jul 2026$1.79$2.02$2.76
7 Aug 2026$2.74$2.02$2.69
14 Aug 2026$2.88$2.06$2.66
21 Aug 2026$2.68$2.12$2.64
28 Aug 2026$2.40$2.16$2.61
4 Sep 2026$2.43$2.19$2.58
11 Sep 2026$2.14$2.20$2.57
18 Sep 2026$1.98$2.21$2.55
25 Sep 2026$1.90$2.23$2.52
2 Oct 2026$1.79$2.24$2.50
9 Oct 2026$1.59$2.23$2.49
16 Oct 2026$1.14$2.16$2.45
23 Oct 2026$1.14$1.99$2.41
30 Oct 2026$1.22$1.83$2.35
4 Nov 2026$1.00$1.74$2.31
Weekly closing price ($) with its 50-day and 200-day averages. 1-year window.

Week by week since 2025: did it beat the S&P 500 over the past 13 weeks?

Ahead in 22 of 57 weeks

Week by week since 2025: did it beat the S&P 500 over the past 13 weeks?
Week13-week return vs S&P 500
11 Jul 2025no S&P 500 reading
18 Jul 2025no S&P 500 reading
25 Jul 2025no S&P 500 reading
1 Aug 2025no S&P 500 reading
8 Aug 2025no S&P 500 reading
15 Aug 2025no S&P 500 reading
22 Aug 2025no S&P 500 reading
29 Aug 2025no S&P 500 reading
5 Sep 2025no S&P 500 reading
12 Sep 2025no S&P 500 reading
19 Sep 2025no S&P 500 reading
26 Sep 2025no S&P 500 reading
3 Oct 2025no S&P 500 reading
10 Oct 2025+244.0%
17 Oct 2025+190.4%
24 Oct 2025+214.4%
31 Oct 2025+216.6%
7 Nov 2025+143.8%
14 Nov 2025+103.8%
21 Nov 2025+47.9%
28 Nov 2025+29.0%
5 Dec 2025+54.5%
12 Dec 2025+22.9%
19 Dec 2025−23.1%
26 Dec 2025−7.9%
2 Jan 2026−28.6%
9 Jan 2026−23.7%
16 Jan 2026−14.9%
23 Jan 2026+10.9%
30 Jan 2026−19.4%
6 Feb 2026−26.1%
13 Feb 2026+0.5%
20 Feb 2026+8.5%
27 Feb 2026+7.5%
6 Mar 2026+6.6%
13 Mar 2026+23.9%
20 Mar 2026+18.3%
27 Mar 2026−6.8%
2 Apr 2026−5.9%
10 Apr 2026−32.9%
17 Apr 2026−39.6%
24 Apr 2026−54.6%
1 May 2026−32.0%
8 May 2026−34.1%
15 May 2026−37.0%
22 May 2026−36.6%
29 May 2026−36.9%
5 Jun 2026−42.5%
12 Jun 2026−43.2%
18 Jun 2026−32.1%
26 Jun 2026−23.7%
2 Jul 2026−33.6%
10 Jul 2026−28.9%
17 Jul 2026−34.9%
24 Jul 2026−22.2%
31 Jul 2026−25.2%
7 Aug 2026+17.5%
14 Aug 2026+25.9%
21 Aug 2026+21.4%
28 Aug 2026+7.4%
4 Sep 2026+10.7%
11 Sep 2026−3.0%
18 Sep 2026−9.9%
25 Sep 2026−14.5%
2 Oct 2026−12.0%
9 Oct 2026−14.8%
16 Oct 2026−30.1%
23 Oct 2026−37.3%
30 Oct 2026−33.0%
4 Nov 2026−58.3%
Each bar is one week, from 2025 to now (57 weeks with a reading). Green means the stock's return over the previous 13 weeks beat the S&P 500; red means it trailed. The colour is strongest at a gap of 25 percentage points or more. A gap means there is no reading for that week.

Over the last 1 year the share price moved −15% while the S&P 500 moved +18%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 4 September 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

What dividend does American Resources pay?

American Resources Corporation pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes.

Which stock lists is American Resources on?

American Resources is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list.

Is American Resources profitable?

American Resources Corporation posted a net loss of $4.4 M in the Sep 2025 quarter. The full FY24 year was a loss of $39.2 M. The same quarter a year earlier lost $11.1 M. 10 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

FY24 profit −$39.2 M

  • Net profit −$39.2 M
FY24 profit −$39.2 M
QuarterNet profit
FY21−$32.5 M
FY22−$1.4 M
FY23−$38.7 M
FY24−$39.2 M
Net profit each year, $ M. 4-year window. A grey bar is lower than the year before.

Sep 2025: −$4.4 M

  • Net profit (quarterly) −$4.4 M
Sep 2025: −$4.4 M
QuarterNet profit (quarterly)
Sep 2022−$5.2 M
Dec 2022$9.0 M
Mar 2023−$3.1 M
Jun 2023−$7.6 M
Sep 2023−$2.4 M
Dec 2023−$24.7 M
Mar 2024−$6.9 M
Jun 2024−$11.1 M
Sep 2024−$10.6 M
Mar 2025−$6.7 M
Jun 2025$0.9 M
Sep 2025−$4.4 M

Growth on a year earlier

  • Growth on a year earlier −373.3%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 2022–
Dec 2022–
Mar 2023–
Jun 2023–
Sep 2023–
Dec 2023−373.3%
Mar 2024–
Jun 2024–
Sep 2024–
Mar 2025–
Jun 2025–
Sep 2025–
Top: net profit each quarter, $ M. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

How much revenue does American Resources make, and is it growing?

American Resources Corporation reported $0 of revenue in the Sep 2025 quarter, −100.0% on the same quarter a year earlier. Over 3 years it has grown −83.6% a year on average. The last full year, FY24, came in at $34.0 K.

Revenue is everything the company billed its customers in the period.

FY24 revenue was $34.0 K, −99.7% on the year before.

FY24 revenue $0 (−99.7% on the year before), −83.6% a year over 3 years

  • Revenue $0.03
FY24 revenue $0 (−99.7% on the year before), −83.6% a year over 3 years
QuarterRevenue
FY21$7.8 M
FY22$39.5 M
FY23$11.8 M
FY24$0

Growth on a year earlier

  • Growth on a year earlier −99.7%
Growth on a year earlier
QuarterGrowth on a year earlier
FY21–
FY22409%
FY23−70.1%
FY24−99.7%
Top: revenue each year, $ M. Below: growth on the year before, %. 4-year window. A grey bar is lower than the year before.

Sep 2025: $0 (−100.0% on a year earlier)

  • Revenue (quarterly) $0
Sep 2025: $0 (−100.0% on a year earlier)
QuarterRevenue (quarterly)
Sep 2022$9.5 M
Dec 2022$4.7 M
Mar 2023$8.9 M
Jun 2023$2.0 M
Sep 2023$5.8 M
Dec 2023−$4.9 M
Mar 2024$0.1 M
Jun 2024$0
Sep 2024$0.2 M
Mar 2025$0
Jun 2025$0
Sep 2025$0

Growth on a year earlier

  • Growth on a year earlier −100%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 2022238%
Dec 20223.2%
Mar 2023−2.3%
Jun 2023−87.6%
Sep 2023−38.9%
Dec 2023−203.6%
Mar 2024−98.9%
Jun 2024−99.8%
Sep 2024−96%
Mar 2025−66%
Jun 2025225%
Sep 2025−100%
Top: revenue each quarter, $ M. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Recent pace: the last four quarters grew −9.3% on average, against −83.6% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −73.4%, against −89.4% a year over the last 8 quarters (accelerating).

How much of every $100 of sales does American Resources keep?

American Resources Corporation's sales have fallen to very little: FY24 revenue was $34.0 K, against $39.5 M in FY22. On sales that small an operating margin is not a useful reading, so this section is left out until sales recover.

Is American Resources' profit turning into cash?

American Resources Corporation's cash-flow history is too short to judge how much of its profit turns into cash. In FY24 its operations used $21.2 M of cash, against −$39.2 M of profit. After null of spending on assets, free cash was −$21.2 M: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

FY24: operating cash −$21.2 M against profit −$39.2 M

  • Operating cash −$21.2 M
  • Net profit −$39.2 M
  • Free cash −$21.2 M
FY24: operating cash −$21.2 M against profit −$39.2 M
QuarterOperating cashNet profitFree cash
FY21−$29.1 M−$32.5 M−$32.2 M
FY22$2.5 M−$1.4 M$2.5 M
FY23−$19.5 M−$38.7 M−$23.1 M
FY24−$21.2 M−$39.2 M−$21.2 M
Operating cash flow and net profit each year, $ M. The line is free cash flow: operating cash minus spending on assets. 4-year window, yearly figures.

Sep 2025: operating cash −$0.5 M

  • Operating cash (quarterly) −$0.5 M
Sep 2025: operating cash −$0.5 M
QuarterOperating cash (quarterly)
Sep 2022−$3.9 M
Dec 2022$14.4 M
Mar 2023−$7.3 M
Jun 2023−$3.2 M
Sep 2023−$5.3 M
Dec 2023−$3.6 M
Mar 2024−$4.8 M
Jun 2024−$8.6 M
Sep 2024−$4.3 M
Mar 2025−$1.4 M
Jun 2025−$7.4 M
Sep 2025−$0.5 M

Operating cash as % of profit

  • Operating cash as % of profit −865%
Operating cash as % of profit
QuarterOperating cash as % of profit
Sep 2022–
Dec 2022160%
Mar 2023–
Jun 2023–
Sep 2023–
Dec 2023–
Mar 2024–
Jun 2024–
Sep 2024–
Mar 2025–
Jun 2025−865%
Sep 2025–
Top: operating cash each quarter, $ M. Below: operating cash as a % of net profit; 100% means all of the quarter's profit came in as cash. Last 12 quarters.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Where does American Resources' cash go?

American Resources Corporation does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $6.7 M on assets over the last 2 years. Averaged over those years that is 9,832.4% of FY24 revenue a year.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Spending on assets: $6.7 M over the last 2 years.

FY23: capex $3.6 M, steady spending

  • Capex $3.6 M
FY23: capex $3.6 M, steady spending
QuarterCapex
FY21$3.1 M
FY23$3.6 M
Capital spending each year, $ M.

Sep 2025: capex $0.9 M in the quarter

  • Capex (quarterly) $0.9 M
Sep 2025: capex $0.9 M in the quarter
QuarterCapex (quarterly)
Jun 2021$0.1 M
Sep 2021$2.1 M
Dec 2021$0.2 M
Mar 2022$0.7 M
Jun 2022$0.7 M
Mar 2023$0.5 M
Jun 2023$0.2 M
Sep 2023$0.5 M
Dec 2023$3.3 M
Mar 2024$0.9 M
Jun 2024$0.9 M
Sep 2025$0.9 M

Free cash

  • Free cash −$1.4 M
Free cash
QuarterFree cash
Jun 2021−$3.8 M
Sep 2021−$9.1 M
Dec 2021−$11.9 M
Mar 2022−$6.5 M
Jun 2022−$1.5 M
Mar 2023−$7.9 M
Jun 2023−$3.5 M
Sep 2023−$4.9 M
Dec 2023−$6.9 M
Mar 2024−$5.6 M
Jun 2024−$7.6 M
Sep 2025−$1.4 M
Top: capital spending each quarter, $ M. Below: free cash flow, $ M. Last 12 quarters.

In short: most of the cash goes on covering the loss, not on new assets; spending on assets is small next to it.

What is American Resources' P/E ratio, and how does it compare with its own history?

American Resources Corporation's P/E is 1.6×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.

PEG 13.00 at the Jun 2025 quarter end: above 1.0, so the P/E is bigger than the earnings growth rate

  • PEG 6.00×
  • PEG = 1.0 1.00×
PEG 13.00 at the Jun 2025 quarter end: above 1.0, so the P/E is bigger than the earnings growth rate
QuarterPEGPEG = 1.0
Dec 20216.00×1.00×
Mar 20226.00×1.00×
Dec 20226.00×1.00×
Jun 20236.00×1.00×
Sep 20236.00×1.00×
Dec 20236.00×1.00×
Jun 20256.00×1.00×
PEG each quarter: the P/E divided by the yearly growth rate of earnings. The flat line marks 1.0. Below it the P/E is smaller than the growth rate; above it the P/E is bigger. Last 7 quarters; values above 6 are drawn at the top edge.
1.6×P/E · too little history to compare
n/mPEG · cannot be worked out, because 3-year earnings growth is not available

In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple.

Is the American Resources business getting better or worse?

American Resources Corporation's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 11 quarters of 1 measure, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Growth year by year: revenue −99.7% in FY24

  • Revenue growth −99.7%
Growth year by year: revenue −99.7% in FY24
QuarterRevenue growth
FY21–
FY22409%
FY23−70.1%
FY24−99.7%
Growth on the year before, each year, %. Top: revenue. Zero line drawn.

Three growth lines over twelve quarters: revenue accelerating

  • Revenue −73.4%
Three growth lines over twelve quarters: revenue accelerating
QuarterRevenue
Sep 2022–
Dec 2022300%
Mar 2023133.3%
Jun 2023−23.2%
Sep 2023−45.7%
Dec 2023−70.1%
Mar 2024−92.2%
Jun 2024−95.8%
Sep 2024−121.2%
Mar 2025−96.9%
Jun 2025−90.7%
Sep 2025−73.4%

Profit

  • Profit −300%
Profit
QuarterProfit
Sep 2022–
Dec 2022–
Mar 2023–
Jun 2023–
Sep 2023–
Dec 2023−300%
Mar 2024–
Jun 2024–
Sep 2024–
Mar 2025–
Jun 2025–
Sep 2025–
Growth on a year earlier, % at each quarter end. Top: revenue. Below: profit and earnings per share, on their own scale because they swing much more. Each is measured over the last 12 months. Where the 12-month history is short, the line uses single-quarter growth instead, which is noisier; extreme jumps from a tiny base are evened out before reading. Extreme jumps from a tiny base are drawn at the edge (▲). A gap means there is no reading for that quarter.
RecoveringRevenue growth · latest −73.4%, range −121.2% to +409.0%

Why it matters: with too little history, we say so rather than guess a direction.

The return-on-capital line is not shown: net worth is negative, so a return on capital means nothing. The balance sheet is in distress, and this reading uses the growth lines alone.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Compound annual growth rate (%)
Measure1yr3yr5yr10yr
Revenue−99.7%−83.6%——
Stock price−75.1%———
−83.6%Revenue, 3 years · yearly growth over the long run

How much does American Resources earn on its capital?

American Resources Corporation earned a ROE of 48% in FY24. That is up from a low of −507% in FY22. Its return on capital used (ROIC) is left out: on sales this small it reads −28%, a number that says nothing useful about the business.

Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.

FY24: ROE 48%, the climb back from FY22's −507%

  • ROE 48.4%
  • Cost of capital 9.9%
FY24: ROE 48%, the climb back from FY22's −507%
QuarterROECost of capital
FY211,386.1%9.9%
FY22−507.4%9.9%
FY2386%9.9%
FY2448.4%9.9%
Return on equity each year, % (line). 4-year window, low years included. The flat line is the 9.9% cost of capital used on this page.

Dec 2023: ROE −77.3% (last 12 months)

  • ROE (12 months) −77.3%
Dec 2023: ROE −77.3% (last 12 months)
QuarterROE (12 months)
Dec 2021−590.4%
Mar 2022−19,998%
Jun 2023−325%
Sep 2023−346%
Dec 2023−77.3%
ROE over the last 12 months, each quarter, %. Last 5 quarters, lined up with the yearly figure.

Does American Resources have too much debt?

American Resources Corporation has total debt of $20.2 M against shareholder equity of $93.2 M as of Dec 2025, so its debt is 0.22× its equity, which is very little. Year by year, that ratio went from −6.74 in FY21 to 0.22 in FY25. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

FY25: debt $20.2 M, 0.22× equity

  • Total debt $20.2 M
FY25: debt $20.2 M, 0.22× equity
QuarterTotal debt
FY21$15.8 M
FY22$23.5 M
FY23$64.7 M
FY24$14.4 M
FY25$20.2 M

Debt-to-equity

  • Debt-to-equity 0.22×
Debt-to-equity
QuarterDebt-to-equity
FY21−6.74×
FY2282.4×
FY23−1.44×
FY24−0.18×
FY250.22×
Top: total debt each year, $ M. Below: debt-to-equity, ×. 5-year window.

Dec 2025: debt $20.2 M, debt-to-equity 0.22

  • Total debt (quarterly) $20.2 M
Dec 2025: debt $20.2 M, debt-to-equity 0.22
QuarterTotal debt (quarterly)
Mar 2023$11.5 M
Jun 2023$58.1 M
Sep 2023$57.2 M
Dec 2023$64.7 M
Mar 2024$205 M
Jun 2024$209 M
Sep 2024$230 M
Dec 2024$14.4 M
Mar 2025$233 M
Jun 2025$240 M
Sep 2025$229 M
Dec 2025$20.2 M

Debt-to-equity

  • Debt-to-equity 0.22×
Debt-to-equity
QuarterDebt-to-equity
Mar 20231.56×
Jun 20235.41×
Sep 20233.89×
Dec 2023−1.44×
Mar 2024−10.3×
Jun 2024−4.58×
Sep 2024−4.31×
Dec 2024−0.18×
Mar 2025−2.72×
Jun 2025−2.61×
Sep 2025−2.41×
Dec 20250.22×
Top: total debt each quarter, $ M. Below: debt-to-equity, ×. Last 12 quarters.

What is the American Resources shareholding pattern?

21.6% of American Resources Corporation's tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 10.2 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.

There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.

It is a single reading at one point in time; we do not have its history.

21.6%Short interest · of the tradable float
10.2Days to cover · at typical volumes

Why it is at this level: the figure does not say who has the short positions or why, so we show the level without guessing the story.

How far is American Resources from balance-sheet trouble?

For American Resources Corporation, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

How does American Resources rank in its industry?

34.4 out of 100, rank 5 of 5 in Coking Coal, with 41% of the evidence available. It is provisional, so it is ranked below companies with full evidence.

American Resources Corporation scores 34.4 out of 100 against the 5 companies it is compared with in Coking Coal, ranking 5. Some evidence is missing, so the score is pulled toward the middle on purpose.

The four parts add up to the total exactly: 16.8 + 6.8 + 10.8 + 0 = 34.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Which companies is American Resources compared with?

American Resources ranks 5 of 5 Coking Coal companies on the 4-Factor Sector Score, with 34.4 out of 100.

  1. 1Warrior Met Coal, Inc.HCC · quiet · Most evidence points up · 85% evidence76.4out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 34.0/35 · Revenue 37.5% · Profit 100% · Operating margin change 15.9 points · 95% evidenceCapital efficiency 17.7/25 · ROCE 8.6% · Operating margin 18.5% · 76% evidenceValuation 11.7/20 · P/E 19.5× · PEG 1.21 · 65% evidenceRelative strength 13.0/20 · Lead over its industry 18.3% · Lead over S&P 500 -10.7% · 1 year -0.5% · 100% evidence · 6 of 12 weeks aheadExact sum: 34 + 17.7 + 11.7 + 13 = 76.4 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.
  2. 2SunCoke Energy, Inc.SXC · leader · Evidence leans up · 75% evidence52.7out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 9.4/35 · Revenue 2.8% · Profit -174.3% · Operating margin change 2.8 points · 95% evidenceCapital efficiency 11.8/25 · ROCE 3.1% · Operating margin 6.1% · 76% evidenceValuation 11.5/20 · P/E -12.5× · PEG — · 15% evidenceRelative strength 20.0/20 · Lead over its industry 65.5% · Lead over S&P 500 26.9% · 1 year 54.4% · 100% evidence · 11 of 12 weeks aheadExact sum: 9.4 + 11.8 + 11.5 + 20 = 52.7 · What this means: Relative strength against the index is 26.9%, and revenue and profit growth are weak.
  3. 3Alpha Metallurgical Resources, Inc.AMR · quiet · Evidence leans down · 67% evidence41.4out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 11.8/35 · Revenue -12.9% · Profit — · Operating margin change -2.7 points · 71% evidenceCapital efficiency 8.0/25 · ROCE -2.5% · Operating margin -2.9% · 76% evidenceValuation 10.0/20 · P/E 8.4× · PEG — · 15% evidenceRelative strength 11.6/20 · Lead over its industry 1.5% · Lead over S&P 500 -24.1% · 1 year -15.4% · 100% evidence · 7 of 12 weeks aheadExact sum: 11.8 + 8 + 10 + 11.6 = 41.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  4. 4Ramaco Resources, Inc.METC · basing · Most evidence points down · 67% evidence29.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 8.6/35 · Revenue -17.6% · Profit — · Operating margin change -3.5 points · 71% evidenceCapital efficiency 6.2/25 · ROCE -7.9% · Operating margin -12.6% · 76% evidenceValuation 8.5/20 · P/E 58.6× · PEG — · 15% evidenceRelative strength 6.3/20 · Lead over its industry -34.4% · Lead over S&P 500 -51.9% · 1 year -71.8% · 100% evidence · 0 of 12 weeks aheadExact sum: 8.6 + 6.2 + 8.5 + 6.3 = 29.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  5. 5American Resources Corporation this pageAREC · quiet · Too little evidence to rank firmly · 41% evidence34.4out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 16.8/35 · Revenue — · Profit — · Operating margin change -2616381.8 points · 19% evidenceCapital efficiency 6.8/25 · ROCE -13.6% · Operating margin — · 46% evidenceValuation 10.8/20 · P/E -4.2× · PEG — · 15% evidenceRelative strength 0.0/20 · Lead over its industry -44.8% · Lead over S&P 500 -59.4% · 1 year -75.1% · 100% evidence · 3 of 12 weeks aheadExact sum: 16.8 + 6.8 + 10.8 + 0 = 34.4 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Jun 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Coking Coal, all 5 compared on one page.

Which companies are close to American Resources in size?

American Resources is the 5th largest of 5 Coking Coal companies on Sector Alpha by market value (scores of 5 November 2026). Just above it: Warrior Met Coal, Inc., Alpha Metallurgical Resources, Inc., SunCoke Energy, Inc. and Ramaco Resources, Inc. It is the smallest.

Coking Coal companies close in size

  1. Warrior Met Coal, Inc. $4.3 billion
  2. Alpha Metallurgical Resources, Inc. $1.8 billion
  3. SunCoke Energy, Inc. $887 million
  4. Ramaco Resources, Inc. $445 million
  5. American Resources Corporation $107 million

All 5 Coking Coal companies, largest first

What else do people ask about American Resources?

What were American Resources's latest quarterly results?

American Resources Corporation reported revenue of $0 and a net loss of $4.4 M for the Sep 2025 quarter. Earnings per share were −$0.05 (as of 4 November 2026).

What is American Resources's market cap?

American Resources Corporation's market capitalisation is $107 M at a stock price of $1.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026).

How is American Resources performing?

American Resources Corporation's latest readings are below. Over the past 13 weeks it has done worse than the S&P 500, for 9 weeks running. This describes what the data did, not a rating (as of 4 November 2026).

Will American Resources's stock price go up?

This page does not forecast American Resources Corporation's stock price. What it shows instead: the stock price is $1.00. Nobody can reliably say which way a price will move, and this site does not try (as of 4 November 2026).

What could break the American Resources story?

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business.

On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026).

Is American Resources a stock worth studying right now?

What the numbers show: American Resources Corporation's balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers.

The main open question: whether the business can earn its way back to positive net worth before new shares or a restructuring get there first. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026).

Where do these numbers come from?

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.

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