Stock Alert: American Resources Surges 40%

By RTTNews Staff Writer   ✉   | Published:

Shares of American Resources Corp. (AREC) are currently gaining nearly 40% after the company announced it acquired exclusive rights to Purdue University's rare earth element innovations.

AREC is currently trading at $3.50, up $0.99 or 39.44%, on the Nasdaq.

The company has licensed ligand assisted displacement chromatography patents and knowhow to further expanded its capability in environmentally friendly separation and purification of rare earth elements.

These exclusive patents and technologies, developed at Purdue University, are specific to the processing of separated and pure rare earth metals and critical elements from coal byproducts, recycled permanent magnets and lithium-ion batteries.

For comments and feedback contact: editorial@rttnews.com

Business News

Next Story
Editors Pick
Google To Spend $3.8 Mln To Settle Allegations Of Hiring, Pay Biases
Search giant Google has reached a $3.84 million settlement with the U.S. Department of Labor to resolve allegations of systemic compensation and hiring discrimination at the company's California and Washington State facilities. The disparities were found during a routine compliance evaluation by the labor department's Office of Federal Contract Compliance Programs (OFCCP).
Pfizer Turns To Profit In Q4; Raises FY Profit View
Pfizer Inc. (PFE) reported a profit for the fourth-quarter compared to a loss in the prior year. Quarterly revenues increased 12 percent from the prior-year quarter. The company raised its annual adjusted earnings per share outlook and expects about $15 billion in sales from the COVID-19 vaccine in fiscal year 2021.
Hong Thai Foods Recalls Golden Boy Custard Muffin Banana
Hong Thai Foods Corp. is recalling certain Golden Boy Custard Muffin Banana citing the possible presence of undeclared milk allergens, according to the U.S. Food and Drug Administration. The affected product comes in a 220 grams/7.76 ounce, rigid clear plastic package marked with Best Before date of 29/01/2022, and UPC code of 9555719731598.