Ramaco Resources (NASDAQ:METCB) Sees Strong Trading Volume - What's Next?

Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 136,660 shares were traded 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 firm has a market cap of $794.24 million, a price-to-earnings ratio of -160.60 and a beta of 0.77. The firm's fifty day moving average is $9.03 and its 200-day moving average is $8.68.

Ramaco Resources (NASDAQ:METCB - Get Free Report) last released its 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.1811 dividend. This represents a $0.72 annualized dividend and a yield of 4.99%. The ex-dividend date of this dividend was Friday, May 30th. Ramaco Resources's dividend payout ratio (DPR) is currently -800.00%.

Institutional Investors Weigh In On Ramaco Resources

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC increased its position in shares of 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 in the last quarter. Bank of New York Mellon Corp increased its position in shares of Ramaco Resources by 7.8% during the first quarter. Bank of New York Mellon Corp now owns 25,628 shares of the company's stock worth $182,000 after acquiring an additional 1,848 shares in the last quarter. Acuitas Investments LLC increased its position in shares of Ramaco Resources by 1.6% during the first quarter. Acuitas Investments LLC now owns 149,900 shares of the company's stock worth $1,066,000 after acquiring an additional 2,362 shares in the last quarter. Bank of America Corp DE increased its position in shares of Ramaco Resources by 64.6% during the fourth quarter. Bank of America Corp DE now owns 12,516 shares of the company's stock worth $124,000 after acquiring an additional 4,914 shares in the last quarter. Finally, State of Tennessee Department of Treasury increased its position in shares of Ramaco Resources by 39.5% during the fourth quarter. State of Tennessee Department of Treasury now owns 24,458 shares of the company's stock worth $242,000 after acquiring an additional 6,927 shares in the last quarter. 9.63% of the stock is owned by institutional investors.

Ramaco Resources Company Profile

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.