American Resources Corp hits near 15-month high on share buyback plan

American Resources

29/08/2022 18:53

** Shares of raw material supplier American Resources Corp
 AREC.O  up 11.3% at $3.29, highest since early June 2021
    ** Stock up for sixth straight session
    ** Company to repurchase shares for up to $10 mln through
open market, in privately negotiated transactions, or otherwise
in accordance with applicable federal securities laws  urn:newsml:reuters.com:*:nACSS0Ky1a
    ** The stock repurchase will expire on Sept. 15, 2023,
unless further extended
    ** Over 3.6 mln shares change hands, nearly 5x its 25-day
moving average volume
    ** As of last close, company's shares up 64.4% YTD vs 22.6%
fall in Nasdaq Composite index  .IXIC 

 (Reporting by Ankika Biswas in Bengaluru)
 ((Ankika.Biswas@thomsonreuters.com, +917044940911))