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 company has a market cap of $654.76 million, a price-to-earnings ratio of -132.99 and a beta of 0.77. The company's 50 day moving average price is $8.06 and its 200 day moving average price is $8.41.
Ramaco Resources (NASDAQ:METCB - Get Free Report) last released its earnings results on Monday, May 12th. The company reported ($0.20) EPS for the quarter. The firm had revenue of $134.66 million for the quarter.
Ramaco Resources Announces Dividend
The business also recently disclosed 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 annualized dividend and a dividend yield of 6.05%. The ex-dividend date of this dividend was Friday, May 30th. Ramaco Resources's dividend payout ratio (DPR) is -800.00%.
Institutional Trading of Ramaco Resources
Several hedge funds and other institutional investors have recently made changes to their positions in METCB. Barclays PLC increased its holdings in Ramaco Resources by 19.3% during the 4th quarter. Barclays PLC now owns 8,572 shares of the company's stock valued at $85,000 after acquiring an additional 1,388 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Ramaco Resources by 1,403.7% during the 1st quarter. Russell Investments Group Ltd. now owns 9,052 shares of the company's stock valued at $64,000 after acquiring an additional 8,450 shares in the last quarter. Discovery Capital Management LLC CT purchased a new position in Ramaco Resources during the 4th quarter valued at about $106,000. Wells Fargo & Company MN increased its holdings in Ramaco Resources by 620.7% during the 4th quarter. Wells Fargo & Company MN now owns 11,099 shares of the company's stock valued at $110,000 after acquiring an additional 9,559 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Ramaco Resources during the 1st quarter valued at about $79,000. Institutional investors and hedge funds own 9.63% of the company's stock.
About Ramaco Resources
(
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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