Ramaco Resources (NASDAQ:METCB) Sees Unusually-High Trading Volume - Should You Buy?

Shares of Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 137,326 shares traded hands during 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 5.2%

The stock has a 50-day moving average of $8.47 and a 200 day moving average of $8.51. The company has a market capitalization of $802.45 million, a PE ratio of -162.98 and a beta of 0.77.

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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $0.1811 per share. The ex-dividend date was Friday, May 30th. This represents a $0.72 dividend on an annualized basis and a yield of 4.94%. Ramaco Resources's dividend payout ratio (DPR) is currently -800.00%.

Institutional Trading of Ramaco Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wedge Capital Management L L P NC boosted its stake in shares of Ramaco Resources by 11.0% in the 2nd 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 last quarter. Encompass Capital Advisors LLC acquired a new position in Ramaco Resources in the first quarter valued at about $166,000. First Manhattan CO. LLC. grew its holdings 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 worth $1,828,000 after purchasing an additional 7,181 shares during the last quarter. Wellington Management Group LLP lifted its stake in Ramaco Resources by 145.3% in the first quarter. Wellington Management Group LLP now owns 36,176 shares of the company's stock valued at $257,000 after buying an additional 21,430 shares during the period. Finally, American Century Companies Inc. raised 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 worth $1,398,000 after purchasing an additional 21,956 shares during the period. 9.63% of the stock is currently owned by institutional investors.

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.