Ramaco Resources (NASDAQ:METCB) Trading Up 8.2% - Time to Buy?

Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report) rose 8.2% during trading on Monday . The company traded as high as $15.38 and last traded at $15.10. Approximately 159,391 shares traded hands during mid-day trading, an increase of 156% from the average daily volume of 62,308 shares. The stock had previously closed at $13.95.

Ramaco Resources Trading Up 5.2%

The stock has a market cap of $802.45 million, a price-to-earnings ratio of -162.98 and a beta of 0.77. The stock's 50 day moving average is $8.47 and its two-hundred day moving average is $8.51.

Ramaco Resources (NASDAQ:METCB - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported ($0.20) earnings per share for the quarter. The business had revenue of $134.66 million for the quarter.

Ramaco Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $0.1811 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.72 annualized dividend and a dividend yield of 4.94%. Ramaco Resources's dividend payout ratio is presently -800.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of METCB. Barclays PLC increased its stake in shares of Ramaco Resources by 19.3% in the fourth 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. Bank of New York Mellon Corp increased its stake in Ramaco Resources by 7.8% during the first quarter. Bank of New York Mellon Corp now owns 25,628 shares of the company's stock valued at $182,000 after purchasing an additional 1,848 shares during the last quarter. Acuitas Investments LLC increased its stake in Ramaco Resources by 1.6% during the first quarter. Acuitas Investments LLC now owns 149,900 shares of the company's stock valued at $1,066,000 after purchasing an additional 2,362 shares during the last quarter. Bank of America Corp DE increased its stake in Ramaco Resources by 64.6% during the fourth quarter. Bank of America Corp DE now owns 12,516 shares of the company's stock valued at $124,000 after purchasing an additional 4,914 shares during the last quarter. Finally, State of Tennessee Department of Treasury increased its stake in Ramaco Resources by 39.5% during the fourth quarter. State of Tennessee Department of Treasury now owns 24,458 shares of the company's stock valued at $242,000 after purchasing an additional 6,927 shares during the last quarter. 9.63% of the stock is owned by institutional investors and hedge funds.

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.

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