DENVER, Colo., 14 June, 2024 (247marketnews.com) – (NASDAQ:AREC) are discussed in this article.
American Resources Corporation (NASDAQ:AREC) experienced a notable surge in stock price, opening at $0.846 and rising to $1.020, reflecting a 37.43% increase and signaling positive momentum following the previous session’s close at $0.740. This uptrend is supported by a substantial trading volume of 1.1M shares, indicating heightened investor interest in AREC. Technical analysis points to a bullish trajectory, suggesting further potential upside and prompting vigilance regarding key levels and market developments for prospective traders.
Addressing recent market volatility, CEO Mark Jensen has responded to misinformation circulating on online platforms alleging the issuance of 20 million shares at 48 cents each, causing unwarranted turbulence in the stock price of American Resources. Jensen categorically refuted these claims, stating they are baseless and detrimental to shareholders. In response, the company has taken decisive action by involving legal counsel and reporting such misleading activities to relevant regulatory authorities.
Despite challenges posed by speculative trading practices driven by false information, American Resources remains steadfast in pursuing its growth agenda while safeguarding shareholder interests through non-dilutive financial strategies and operational optimizations. The company’s focus on operational excellence and strategic partnerships underscores its resilience in the global market for essential raw materials, positioning it favorably for growth opportunities in steelmaking, electrification, and recycling sectors.
American Resources Corporation invites stakeholders and investors to stay informed through its official channels for accurate updates. The company reaffirms its commitment to transparency, operational efficiency, and sustainable value creation for shareholders amid evolving market dynamics. For further insights into American Resources Corporation and its activities, please visit americanresourcescorp.com.
Please be advised that this press release may contain forward-looking statements subject to risks and uncertainties. American Resources encourages stakeholders to conduct thorough assessments while monitoring ongoing developments for informed decision-making.
About 24/7 Market News
As a pioneer in digital financial market media, 24/7 Market News (24/7MN) is dedicated to the swift distribution of financial market news and information. 24/7 MN incorporates comprehensive corporate communications resources and tools to engage the investment community. Visit 24/7 Market News website here.
24/7 Market News, Inc Disclaimer
Please go to https://247marketnews.com/disclaimer/ for disclaimer information.
CONTACT:
24/7 Market News
Editor@247marketnews.com