Screened 2026-05-18 · the tape above runs as of 22:12 UTC · 11 Sep · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its markdown label.
American Resources Corporation holds its Markdown at $2.11. Elevated stress, defensive posture warranted, held for 18 days.
As held on the ledger · 2026-05-18
Phase
Markdown · caution
Quantitative state
Elevated stress, defensive posture warranted, held for 18 days
Price at the screen
$2.11
Valuation
0.00 trailing · -7.59 forward price to earnings
Values screen
FAIL
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
97.21%
Below 33%
Interest-bearing debt is 97.2% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
0.88%
Below 33%
Cash held in interest-bearing accounts and securities is 0.9% of assets, under the one-third limit.
Pass
Receivables
0.00%
Below 49%
Money owed to the company is 0.0% of assets, under the 49% limit.
Pass
Revenue purity
0.00%
Below 5%
Only 0.0% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
What the Numbers Say It Is Worth
The Fair Value Range
Our framework reads AVOID
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-05-18 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Why it gives us pause
At -7.6x forward earnings, the price already runs ahead of the business.
The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
AREC trades on Nasdaq. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-08-21Accumulation$2.11+0.0%Entry 6
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is momentum reading neutral. Over the past year the shares are up 157%. Our forward projection puts the odds of a 10% gain over the next month near 36%. The street (3 analysts) rates it strong buy, with a mean price target of $6.
2026-07-21Accumulation$2.11+0.0%Entry 5
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is momentum reading neutral. Over the past year the shares are up 157%. Our forward projection puts the odds of a 10% gain over the next month near 36%. The street (3 analysts) rates it strong buy, with a mean price target of $6.
2026-07-18Accumulation$2.11+0.0%Entry 4
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is momentum reading neutral. Over the past year the shares are up 157%. Our forward projection puts the odds of a 10% gain over the next month near 36%. The street (3 analysts) rates it strong buy, with a mean price target of $6.
2026-07-17Accumulation$2.11+0.0%Entry 3
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is momentum reading neutral. Over the past year the shares are up 157%. Our forward projection puts the odds of a 10% gain over the next month near 36%. The street (3 analysts) rates it strong buy, with a mean price target of $6.
2026-07-03Accumulation$2.11+0.0%Entry 2
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns.
2026-07-02Accumulation$2.11Entry 1
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
The Insider Ledger · Form 4 Filings, As Filed
Most recent filings · AREC
Date
Insider
Title
Type
Shares
Value
2025-11-10
GOLDEN PROPERTIES, LTD.
Beneficial Owner of more than 10% of a Class of Security
300,000
$1,238,400
2025-11-10
GOLDEN PROPERTIES, LTD.
Beneficial Owner of more than 10% of a Class of Security
330,000
$1,330,000
2025-11-10
GOLDEN PROPERTIES, LTD.
Beneficial Owner of more than 10% of a Class of Security
26,845
$109,659
2025-11-07
GOLDEN PROPERTIES, LTD.
Beneficial Owner of more than 10% of a Class of Security
196,108
$792,232
2025-11-05
GOLDEN PROPERTIES, LTD.
Beneficial Owner of more than 10% of a Class of Security
118,892
$478,118
2025-11-04
GOLDEN PROPERTIES, LTD.
Beneficial Owner of more than 10% of a Class of Security
92,973
$372,342
2025-10-20
GOLDEN PROPERTIES, LTD.
Beneficial Owner of more than 10% of a Class of Security
20,000
$82,400
2025-10-17
GOLDEN PROPERTIES, LTD.
Beneficial Owner of more than 10% of a Class of Security
980,000
$3,978,800
2025-08-19
GOLDEN PROPERTIES, LTD.
Beneficial Owner of more than 10% of a Class of Security
1,000,000
$1,260,000
2025-07-31
GOLDEN PROPERTIES, LTD.
Beneficial Owner of more than 10% of a Class of Security