Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report)'s stock price gapped up before the market opened 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 Stock Up 18.3%
The company's fifty day moving average is $7.99 and its two-hundred day moving average is $8.41. The stock has a market cap of $565.60 million, a price-to-earnings ratio of -114.88 and a beta of 0.77.
Ramaco Resources (NASDAQ:METCB - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.20) earnings per share for the quarter. The firm had revenue of $134.66 million for the quarter.
Ramaco Resources Dividend Announcement
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. The ex-dividend date was Friday, May 30th. This represents a $0.72 annualized dividend and a yield of 7.01%. Ramaco Resources's dividend payout ratio 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 company. Barclays PLC grew its stake in Ramaco Resources by 19.3% during the 4th quarter. Barclays PLC now owns 8,572 shares of the company's stock worth $85,000 after buying an additional 1,388 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Ramaco Resources by 1,403.7% during the first quarter. Russell Investments Group Ltd. now owns 9,052 shares of the company's stock worth $64,000 after acquiring an additional 8,450 shares during the last quarter. Discovery Capital Management LLC CT acquired a new position in shares of Ramaco Resources in the 4th quarter valued at $106,000. Wells Fargo & Company MN raised its position in Ramaco Resources by 620.7% in the 4th quarter. Wells Fargo & Company MN now owns 11,099 shares of the company's stock valued at $110,000 after purchasing an additional 9,559 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Ramaco Resources during the 1st quarter worth $79,000. Institutional investors and hedge funds 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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