AREC - Overvalued American Resources Applies For Uplisting On Nasdaq
With the stock trading at 5.9x sales and competitors trading at 0.61x-1.39x sales, American Resources Corporation (AREC) seems clearly very overvalued as compared to peers. In addition, the company has a large amount of debt and does not own any information on the number of proven reserves owned. With all this in mind, it seems very clear that many investors may short sell this name.
Source: Prospectus
Business
Founded in 2013, American Resources Corporation bills itself as a low-cost producer of primarily high-quality metallurgical coal.
In 2017, the company executed a share exchange agreement with