Shares of Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $8.74, but opened at $9.23. Ramaco Resources shares last traded at $9.45, with a volume of 116,733 shares traded.
Ramaco Resources Trading Up 15.8%
The firm has a market capitalization of $654.76 million, a P/E ratio of -132.99 and a beta of 0.77. The business has a 50-day moving average of $7.99 and a 200 day moving average of $8.41.
Ramaco Resources (NASDAQ:METCB - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported ($0.20) EPS for the quarter. The company had revenue of $134.66 million during the quarter.
Ramaco Resources Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.1811 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.05%. Ramaco Resources's payout ratio is presently -800.00%.
Hedge Funds Weigh In On Ramaco Resources
Institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its holdings in shares of Ramaco Resources by 1,403.7% in the 1st quarter. Russell Investments Group Ltd. now owns 9,052 shares of the company's stock worth $64,000 after purchasing an additional 8,450 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Ramaco Resources during the first quarter worth about $79,000. Barclays PLC boosted its holdings 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 purchasing an additional 1,388 shares during the period. XTX Topco Ltd purchased a new stake in Ramaco Resources in the first quarter worth about $97,000. Finally, Discovery Capital Management LLC CT purchased a new stake in Ramaco Resources in the fourth quarter worth about $106,000. Hedge funds and other 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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