American Resources Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqCM:AREC Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
19 Jul 24	SellUS$536,000	Golden Properties Ltd.	Company		800,000	US$0.67

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of AREC?
Owner Type	Number of Shares	Ownership Percentage
Institutions	5,168,928	6.68%
Individual Insiders	11,567,419	14.9%
Private Companies	14,589,333	18.8%
General Public	46,095,575	59.5%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 40.44% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
18.8%	Golden Properties Ltd.	14,589,333	US$13.6m	0%	no data
6.83%	Mark Jensen	5,289,877	US$4.9m	0%	no data
5.8%	Thomas Sauve	4,489,489	US$4.2m	0%	no data
3.83%	The Vanguard Group, Inc.	2,961,427	US$2.8m	0%	no data
2.1%	Kirk Taylor	1,624,883	US$1.5m	0%	no data
1.11%	BlackRock, Inc.	859,582	US$800.3k	-2.45%	no data
0.82%	Geode Capital Management, LLC	635,392	US$591.5k	0.55%	no data
0.29%	State Street Global Advisors, Inc.	221,585	US$206.3k	0%	no data
0.21%	Tarlis Thompson	163,170	US$151.9k	0%	no data
0.15%	Northern Trust Global Investments	113,699	US$105.9k	0%	no data
0.13%	Virtu Financial LLC, Asset Management Arm	101,913	US$94.9k	271%	no data
0.054%	Morgan Stanley, Investment Banking and Brokerage Investments	42,078	US$39.2k	-15.8%	no data
0.05%	Thompson Investment Management, Inc.	38,467	US$35.8k	0%	0.01%
0.032%	Indie Asset Partners, LLC	25,000	US$23.3k	-20%	0.02%
0.03%	LPL Financial Corporation, Asset Management Arm	23,300	US$21.7k	4.48%	no data
0.03%	Creative Planning, LLC	22,892	US$21.3k	27%	no data
0.025%	Corient Private Wealth LLC	19,493	US$18.1k	-21.8%	no data
0.018%	Susquehanna International Group, LLP, Asset Management Arm	13,576	US$12.6k	-66%	no data
0.017%	Cypress Wealth Services, Llc, Asset Management Arm	13,467	US$12.5k	0%	no data
0.017%	Hudson River Trading LLC, Asset Management Arm	12,796	US$11.9k	0%	no data
0.015%	Ground Swell Capital, LLC	11,508	US$10.7k	0%	0.02%
0.013%	Jonathan Roberts Advisory Group, Inc.	10,000	US$9.3k	0%	no data
0.013%	Gts Securities Llc., Asset Management Arm	10,000	US$9.3k	0%	no data
0.013%	Chemistry Wealth Management LLC	10,000	US$9.3k	0%	no data
0.012%	Lord, Abbett & Co. LLC	9,165	US$8.5k	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/19 19:57
End of Day Share Price	2025/05/16 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

American Resources Corporation is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Timothy Moore	D. Boral Capital LLC.
Jesse Sobelson	D. Boral Capital LLC.
Richard Niehuser	Roth Capital Partners