Ramaco Resources (NASDAQ:METCB) Sees Large Volume Increase - What's Next?

Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report) saw an uptick in trading volume on Friday . 65,352 shares traded hands during mid-day trading, an increase of 38% from the previous session's volume of 47,294 shares.The stock last traded at $10.27 and had previously closed at $10.34.

Ramaco Resources Price Performance

The business has a fifty day moving average of $7.99 and a 200 day moving average of $8.41. The stock has a market cap of $600.61 million, a PE ratio of -122.54 and a beta of 0.77.

Ramaco Resources (NASDAQ:METCB - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.20) earnings per share (EPS) for the quarter. The business had revenue of $134.66 million during the quarter.

Ramaco Resources Announces Dividend

The company also recently declared 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. The ex-dividend date was Friday, May 30th. This represents a $0.72 annualized dividend and a yield of 6.60%. Ramaco Resources's dividend payout ratio is -800.00%.

Hedge Funds Weigh In On Ramaco Resources

Large investors have recently added to or reduced their stakes in the company. First Manhattan CO. LLC. grew its position in shares of Ramaco Resources by 2.9% in the 1st quarter. First Manhattan CO. LLC. now owns 257,093 shares of the company's stock valued at $1,828,000 after buying an additional 7,181 shares during the last quarter. American Century Companies Inc. increased its position in shares of Ramaco Resources by 12.6% during the first quarter. American Century Companies Inc. now owns 196,657 shares of the company's stock valued at $1,398,000 after acquiring an additional 21,956 shares during the last quarter. Acuitas Investments LLC increased its position in Ramaco Resources by 1.6% in the first quarter. Acuitas Investments LLC now owns 149,900 shares of the company's stock worth $1,066,000 after buying an additional 2,362 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Ramaco Resources by 48.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 76,718 shares of the company's stock worth $758,000 after acquiring an additional 25,084 shares during the period. Finally, Comerica Bank boosted its stake in Ramaco Resources by 271.3% during the fourth quarter. Comerica Bank now owns 73,197 shares of the company's stock valued at $723,000 after buying an additional 53,483 shares during the period. Institutional investors own 9.63% of the company's stock.

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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