Ramaco Resources (NASDAQ:METCB) Sees Strong Trading Volume - Here's What Happened

Shares of Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 137,326 shares traded hands during mid-day trading, an increase of 136% from the previous session's volume of 58,100 shares.The stock last traded at $12.73 and had previously closed at $11.57.

Ramaco Resources Stock Up 13.3%

The stock has a market cap of $717.12 million, a P/E ratio of -145.65 and a beta of 0.77. The firm has a 50 day simple moving average of $8.28 and a 200-day simple moving average of $8.48.

Ramaco Resources (NASDAQ:METCB - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported ($0.20) 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. Investors of record on Friday, May 30th were paid a $0.1811 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date was Friday, May 30th. Ramaco Resources's dividend payout ratio (DPR) is presently -800.00%.

Institutional Trading of Ramaco Resources

Several institutional investors and hedge funds have recently modified their holdings of the business. First Manhattan CO. LLC. raised its stake in shares of Ramaco Resources by 2.9% during the first quarter. First Manhattan CO. LLC. now owns 257,093 shares of the company's stock valued at $1,828,000 after acquiring an additional 7,181 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Ramaco Resources by 12.6% in the first quarter. American Century Companies Inc. now owns 196,657 shares of the company's stock worth $1,398,000 after purchasing an additional 21,956 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in Ramaco Resources by 11.0% in the second quarter. Wedge Capital Management L L P NC now owns 177,367 shares of the company's stock valued at $1,451,000 after purchasing an additional 17,578 shares during the period. Acuitas Investments LLC raised its position in Ramaco Resources by 1.6% during the 1st quarter. Acuitas Investments LLC now owns 149,900 shares of the company's stock worth $1,066,000 after purchasing an additional 2,362 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Ramaco Resources by 48.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 76,718 shares of the company's stock worth $758,000 after buying an additional 25,084 shares during the period. 9.63% of the stock is currently 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.

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