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.
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
| Week | Price | 50-day avg | 200-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 |
Week by week since 2025: did it beat the S&P 500 over the past 13 weeks?
Ahead in 22 of 57 weeks
| Week | 13-week return vs S&P 500 |
|---|---|
| 11 Jul 2025 | no S&P 500 reading |
| 18 Jul 2025 | no S&P 500 reading |
| 25 Jul 2025 | no S&P 500 reading |
| 1 Aug 2025 | no S&P 500 reading |
| 8 Aug 2025 | no S&P 500 reading |
| 15 Aug 2025 | no S&P 500 reading |
| 22 Aug 2025 | no S&P 500 reading |
| 29 Aug 2025 | no S&P 500 reading |
| 5 Sep 2025 | no S&P 500 reading |
| 12 Sep 2025 | no S&P 500 reading |
| 19 Sep 2025 | no S&P 500 reading |
| 26 Sep 2025 | no S&P 500 reading |
| 3 Oct 2025 | no 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% |
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
| Quarter | Net profit |
|---|---|
| FY21 | −$32.5 M |
| FY22 | −$1.4 M |
| FY23 | −$38.7 M |
| FY24 | −$39.2 M |
Sep 2025: −$4.4 M
- Net profit (quarterly) −$4.4 M
| Quarter | Net 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%
| Quarter | Growth 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 | – |
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
| Quarter | Revenue |
|---|---|
| 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%
| Quarter | Growth on a year earlier |
|---|---|
| FY21 | – |
| FY22 | 409% |
| FY23 | −70.1% |
| FY24 | −99.7% |
Sep 2025: $0 (−100.0% on a year earlier)
- Revenue (quarterly) $0
| Quarter | Revenue (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%
| Quarter | Growth on a year earlier |
|---|---|
| Sep 2022 | 238% |
| Dec 2022 | 3.2% |
| 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 2025 | 225% |
| Sep 2025 | −100% |
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
| Quarter | Operating cash | Net profit | Free 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 |
Sep 2025: operating cash −$0.5 M
- Operating cash (quarterly) −$0.5 M
| Quarter | Operating 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%
| Quarter | Operating cash as % of profit |
|---|---|
| Sep 2022 | – |
| Dec 2022 | 160% |
| Mar 2023 | – |
| Jun 2023 | – |
| Sep 2023 | – |
| Dec 2023 | – |
| Mar 2024 | – |
| Jun 2024 | – |
| Sep 2024 | – |
| Mar 2025 | – |
| Jun 2025 | −865% |
| Sep 2025 | – |
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
| Quarter | Capex |
|---|---|
| FY21 | $3.1 M |
| FY23 | $3.6 M |
Sep 2025: capex $0.9 M in the quarter
- Capex (quarterly) $0.9 M
| Quarter | Capex (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
| Quarter | Free 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 |
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×
| Quarter | PEG | PEG = 1.0 |
|---|---|---|
| Dec 2021 | 6.00× | 1.00× |
| Mar 2022 | 6.00× | 1.00× |
| Dec 2022 | 6.00× | 1.00× |
| Jun 2023 | 6.00× | 1.00× |
| Sep 2023 | 6.00× | 1.00× |
| Dec 2023 | 6.00× | 1.00× |
| Jun 2025 | 6.00× | 1.00× |
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%
| Quarter | Revenue growth |
|---|---|
| FY21 | – |
| FY22 | 409% |
| FY23 | −70.1% |
| FY24 | −99.7% |
Three growth lines over twelve quarters: revenue accelerating
- Revenue −73.4%
| Quarter | Revenue |
|---|---|
| Sep 2022 | – |
| Dec 2022 | 300% |
| Mar 2023 | 133.3% |
| 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%
| Quarter | Profit |
|---|---|
| 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 | – |
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.
| Measure | 1yr | 3yr | 5yr | 10yr |
|---|---|---|---|---|
| Revenue | −99.7% | −83.6% | — | — |
| Stock price | −75.1% | — | — | — |
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%
| Quarter | ROE | Cost of capital |
|---|---|---|
| FY21 | 1,386.1% | 9.9% |
| FY22 | −507.4% | 9.9% |
| FY23 | 86% | 9.9% |
| FY24 | 48.4% | 9.9% |
Dec 2023: ROE −77.3% (last 12 months)
- ROE (12 months) −77.3%
| Quarter | ROE (12 months) |
|---|---|
| Dec 2021 | −590.4% |
| Mar 2022 | −19,998% |
| Jun 2023 | −325% |
| Sep 2023 | −346% |
| Dec 2023 | −77.3% |
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
| Quarter | Total 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×
| Quarter | Debt-to-equity |
|---|---|
| FY21 | −6.74× |
| FY22 | 82.4× |
| FY23 | −1.44× |
| FY24 | −0.18× |
| FY25 | 0.22× |
Dec 2025: debt $20.2 M, debt-to-equity 0.22
- Total debt (quarterly) $20.2 M
| Quarter | Total 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×
| Quarter | Debt-to-equity |
|---|---|
| Mar 2023 | 1.56× |
| Jun 2023 | 5.41× |
| Sep 2023 | 3.89× |
| 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 2025 | 0.22× |
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.
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.
- 1Warrior Met Coal, Inc.HCC · quiet · Most evidence points up · 85% evidence76.4out of 100
How the score adds up
Growth & 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. - 2SunCoke Energy, Inc.SXC · leader · Evidence leans up · 75% evidence52.7out of 100
How the score adds up
Growth & 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. - 3Alpha Metallurgical Resources, Inc.AMR · quiet · Evidence leans down · 67% evidence41.4out of 100
How the score adds up
Growth & 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. - 4Ramaco Resources, Inc.METC · basing · Most evidence points down · 67% evidence29.6out of 100
How the score adds up
Growth & 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. - 5American Resources Corporation this pageAREC · quiet · Too little evidence to rank firmly · 41% evidence34.4out of 100
How the score adds up
Growth & 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
- Warrior Met Coal, Inc. $4.3 billion
- Alpha Metallurgical Resources, Inc. $1.8 billion
- SunCoke Energy, Inc. $887 million
- Ramaco Resources, Inc. $445 million
- American Resources Corporation $107 million
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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