American Resources Corporation (NASDAQ:AREC) stock is trading higher after the company announced that its subsidiary ReElement Technologies was approved and certified for its Military Critical Technical Data Agreement under the United States and Canada Joint Certification Program.
The Details: The agreement is used by both the United States Department of Defense and the Canadian Department of National Defense in order to protect sensitive military data. It’s usually established between the relevant defense department(s) and contractors which need access to critical data for projects.
“As we continue to pioneer innovative achievements in critical mineral refining, we are proud to achieve this milestone with our Department of Defense as well as the Canadian DND. We have and continue to work hard to strategically position ReElement as the most efficient solution for the deployment of efficient and cost competitive critical mineral refining capacity outside of China,” said Steven Frankowski, Controller of ReElement Technologies.
How To Buy American Resources Stock
By now you're likely curious about how to participate in the market for American Res (NASDAQ:AREC) – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
Related Link: Check Out What Whales Are Doing With GE Aero
ARC Price Action: At the time of writing, American Resources stock is moving 28% higher at 64 cents, according to data from Benzinga Pro.
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