Positioning no disclosures inside 60 days, left as found
Options put/call open interest 0.03, read 2026-10-25
Ethical does not pass the values gate
Price1.22 USD
RatingAVOID
Our investment reviews on this name
2026-09-24Read Markdown1.98-38.4% to today ✓Accumulation gives way to Markdown after a 6% slide in 12 weeks
2026-07-02Read Accumulation2.11-42.2% to today First review on file: Accumulation
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
American Resources Corporation holds its Markdown at $1.22. The statistical read favours the sellers, held for 47 days.
As held on the ledger · 2026-10-28
Phase
Markdown · caution
Quantitative state
The statistical read favours the sellers, held for 47 days
Price at the screen
$1.22
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
231.26%
Below 5%
231.3% of revenue comes from non-compliant sources, over the 5% line.
Fail
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.
The Ethical Read
Why It Falls Short, in Plain English
American Resources's business is in a permissible area, but its interest-bearing debt is about 97% of the company, well over the ~33% line, so it does not pass on the financial screens.
Read as at 2026-10-29. It updates when the underlying figures move, and past reads are kept below.
Follow this verdict
Get an email when AREC's ethical verdict changes
Today AREC does not pass the screen. If new figures move it to a pass, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
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What the Numbers Say It Is Worth
The Fair Value Range
Our analysis 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 2026-10-28 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
2026-10-26Markdown$1.20+0.0%Entry 11
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. 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 D. Technically it is sitting below its long-term trend line with momentum reading oversold. 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.
2026-10-19Markdown$1.20-24.5%Entry 10
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 24.5% 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 D. Technically it is sitting below its long-term trend line with momentum reading oversold. 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.
2026-10-12Markdown$1.59-19.7%Entry 9
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 19.7% 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 D. 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.
2026-10-02Markdown$1.98+0.0%Entry 8
Our analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. 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.
2026-09-24Markdown · changed$1.98-6.2%Entry 7
The framework has shifted from accumulation to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 6.2% 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.
2026-08-21Accumulation$2.11+0.0%Entry 6
Our analysis 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
Our analysis 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
Our analysis 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
Our analysis 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
Our analysis 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.
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