Ramaco Resources (NASDAQ:METCB) Releases Earnings Results

Key Points

• Ramaco Resources reported an earnings per share (EPS) of ($0.29) for the quarter, along with a revenue of $152.96 million.
• Following the earnings announcement, the company's stock price dropped by 6.9%, closing at $12.64.
• The company declared a quarterly dividend of $0.1811 per share, resulting in an annualized dividend yield of 5.7%.

Ramaco Resources (NASDAQ:METCB - Get Free Report) released its earnings results on Thursday. The company reported ($0.29) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $152.96 million for the quarter.

Ramaco Resources Stock Down 6.9%

METCB traded down $0.94 during trading on Friday, hitting $12.64. 115,844 shares of the company's stock were exchanged, compared to its average volume of 342,993. The business's 50 day moving average is $9.66 and its two-hundred day moving average is $8.86. Ramaco Resources has a fifty-two week low of $6.01 and a fifty-two week high of $16.40. The stock has a market cap of $691.41 million, a P/E ratio of -27.48 and a beta of 0.87.

Ramaco Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a dividend of $0.1811 per share. The ex-dividend date was Friday, May 30th. This represents a $0.72 annualized dividend and a yield of 5.7%. Ramaco Resources's dividend payout ratio is presently -800.00%.

About Ramaco Resources

Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.

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