American Resources (NASDAQ:AREC) Research Coverage Started at Maxim Group

Maxim Group began coverage on shares of American Resources (NASDAQ:AREC) in a research report released on Tuesday, BenzingaRatingsTable reports. The firm issued a buy rating and a $1.50 price target on the stock.

Shares of American Resources stock traded down $0.05 on Tuesday, hitting $0.75. 49,111 shares of the company were exchanged, compared to its average volume of 139,529. American Resources has a 1-year low of $0.48 and a 1-year high of $14.00. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.12 and a current ratio of 0.12.

About American Resources

American Resources Corporation engages in the extraction, processing, transportation, and selling of metallurgical coal and pulverized coal injection for the steel making process. The company also provides high-BTU, low sulfur, and low moisture bituminous coal used for various industries, including industrial customers; and specialty products and thermal coal that is used for electricity generation.

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