AREC - American Resources cheers significant estimated Y/Y growth in Q2 revenue

• American Resources ( NASDAQ: AREC ) surges 11% in premarket after it estimates Q2 revenue to be $16.196M compared to $9.08M in Q1 and $393,210 in year ago quarter.
• Analysts consensus estimates for revenue stands ay $19M.
• "Our extensive asset base, reserves and permits put us in a unique position to capitalize in these incredibly strong markets and provide supply growth to our customer base. We feel our preliminary results for Q2 of this year showcase the beginning of a significant infliction point for our carbon business at a time that we continue to drive significant innovation in the critical and rare earth element space," CFO Kirk Taylor commented.
• Q2 results are scheduled for Aug.15.

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