Shares of Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report) saw strong trading volume on Wednesday . 136,660 shares changed hands during trading, an increase of 112% from the previous session's volume of 64,586 shares.The stock last traded at $15.43 and had previously closed at $15.62.
Ramaco Resources Price Performance
The business's 50 day moving average is $9.15 and its 200-day moving average is $8.71.
Ramaco Resources (NASDAQ:METCB - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported ($0.20) earnings per share (EPS) for the quarter. The company had revenue of $134.66 million for the quarter.
Ramaco Resources Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a dividend of $0.1811 per share. This represents a $0.72 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend was Friday, May 30th. Ramaco Resources's dividend payout ratio is presently -800.00%.
Hedge Funds Weigh In On Ramaco Resources
Large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its position in shares of Ramaco Resources by 1,403.7% during the 1st quarter. Russell Investments Group Ltd. now owns 9,052 shares of the company's stock worth $64,000 after buying an additional 8,450 shares in the last quarter. Nuveen LLC bought a new stake in Ramaco Resources during the first quarter worth $79,000. Barclays PLC lifted its holdings in Ramaco Resources by 19.3% during the fourth quarter. Barclays PLC now owns 8,572 shares of the company's stock worth $85,000 after acquiring an additional 1,388 shares during the period. XTX Topco Ltd bought a new stake in Ramaco Resources during the first quarter worth $97,000. Finally, Discovery Capital Management LLC CT bought a new stake in Ramaco Resources during the fourth quarter worth $106,000. Institutional investors own 9.63% of the company's stock.
Ramaco Resources Company Profile
(
Get Free Report)
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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