Home Top Movers American Resources (AREC) Likely To Continue Rally – Surged 22% In Before...

American Resources (AREC) Likely To Continue Rally – Surged 22% In Before Hours Trading

Shares of raw materials supplier for the global infrastructure marketplace American Resources Corporation (AREC) are likely to continue the rally for the third-in-a-row session. The stock has been surging 21.96% pre-market (09:00 a.m. EST) buoying at $4.11.

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American Resources Corporation is a provider of high-quality raw materials to the new infrastructure market that is environmentally and socially responsible. The Organization focuses on the extraction and processing of metallurgical carbon, an important component for the electrification industry used in steelmaking, vital and rare earth minerals, and recycled metal processing. In the Central Appalachian basin of eastern Kentucky and southern West Virginia, where premium-grade metallurgical carbon and rare earth mineral reserves are concentrated, American Resources has a growing portfolio of operations.

This week, AREC reported that the company has acquired chromatography patents and know-how for ligand aided displacement (‘LAD’) with the addition of Hasler Ventures LLC to further extend its capacity for environmentally safe isolation and purification of rare earth elements. Established at Purdue University, these proprietary patents and inventions are unique to the production of different and pure rare earth metals and essential elements from by-products of steel, recycled permanent magnets, and lithium-ion batteries. The arrangement would allow AREC’s wholly-owned subsidiary American Rare Earth LLC (or ‘ARE’) to further grow and create a much-needed essential material supply chain that is much better for the world.

Additional processing facilities have also been purchased by AREC to expand its carbon production and productivity base at Perry County Resources and plan for the possible ability to put more complexes online in the future.

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As COVID-19 vaccines have started to be administered, the worldwide metallurgical carbon industry is showing strength in terms of long-term basic demand. With this, the business has seen countries continue to plan and activate fiscal stimuli to drive their economies ahead to a more modern-day economy, needing massive investment on infrastructure. Given its ability to move efficiently due to the quality of its balance sheet, the company has the potential to purchase this large fleet of equipment at a very reasonable price, and what it considers to be a fraction of its marketable value.

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Conclusion:

After the announcement of adding facilities on Monday, the stock rose by 7.26% while the news of acquiring exclusive rights for rare earth metals technology on Tuesday brought the stock price up 34.26%. The uptrend is likely to be continuing today.

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