AREC caught a nice pop in daily trading volume over the last few days/week. But this 786 fib line remains a sticky area of traffic that is still a clear area of resistance on the chart. This week has been a busy one for American Resources. Updates include progress on its battery recycling initiative with Purdue University achieving 99.5% purity of lithium, cobalt, and nickel. In addition, the company acquired additional mineral reserves for its Deep Mine at the Perry County Resources complex. These reserves include an estimated 10.1 million tons of mineral resources.
AREC Stock Forecast
Clearly, American Resources has become a part of the budding reopening trade. Thanks to global economies piping money into infrastructure redevelopment and new projects, raw materials are at the core of the supply chain. In light of this, would it surprise you that analysts are bullish? Right now, HC Wainwright’s Heiko Ihle has a Buy on AREC stock with a price target 80% higher than opening trading levels on Friday, which is $4.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.