Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report)'s stock price traded up 10.7% during trading on Monday . The company traded as high as $13.99 and last traded at $13.26. 392,519 shares traded hands during mid-day trading, an increase of 664% from the average session volume of 51,363 shares. The stock had previously closed at $11.97.
Ramaco Resources Stock Up 13.3%
The business has a 50-day moving average price of $8.28 and a 200-day moving average price of $8.48. The firm has a market capitalization of $717.12 million, a price-to-earnings ratio of -145.65 and a beta of 0.77.
Ramaco Resources (NASDAQ:METCB - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.20) earnings per share (EPS) for the quarter. The firm had revenue of $134.66 million during the quarter.
Ramaco Resources Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $0.1811 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date was Friday, May 30th. Ramaco Resources's dividend payout ratio (DPR) is presently -800.00%.
Institutional Investors Weigh In On Ramaco Resources
Several hedge funds have recently added to or reduced their stakes in METCB. First Manhattan CO. LLC. boosted its stake in shares of Ramaco Resources by 2.9% during the 1st quarter. First Manhattan CO. LLC. now owns 257,093 shares of the company's stock worth $1,828,000 after acquiring an additional 7,181 shares in the last quarter. American Century Companies Inc. raised its holdings in Ramaco Resources by 12.6% in the 1st quarter. American Century Companies Inc. now owns 196,657 shares of the company's stock valued at $1,398,000 after acquiring an additional 21,956 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in 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 acquiring an additional 17,578 shares during the last quarter. Acuitas Investments LLC increased its holdings in shares of 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 buying an additional 2,362 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of 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 last quarter. 9.63% of the stock is owned by hedge funds and other institutional investors.
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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