Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) Short Interest Update

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 56 shares, a growth of 93.1% from the November 30th total of 29 shares. Based on an average daily trading volume, of 4,960 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 4,960 shares, the short-interest ratio is presently 0.0 days.

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Stock Performance

NASDAQ:METCZ traded up $0.05 during mid-day trading on Friday, hitting $25.46. 1,641 shares of the company’s stock traded hands, compared to its average volume of 8,477. The firm’s 50 day simple moving average is $25.40 and its 200 day simple moving average is $25.29. Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 has a 1 year low of $23.18 and a 1 year high of $26.00.

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th were paid a dividend of $0.5234 per share. This represents a $2.09 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend was Wednesday, October 15th.

Ramaco Resources, Inc is a U.S.-based coal producer specializing in the extraction and sale of high?grade metallurgical and steam coal. The company’s core operations are centered in southern West Virginia, where it operates the Elk Creek mining complex and the Alma metallurgical coal complex. These underground mines produce bituminous coal primarily used in steelmaking, as well as thermal coal for power generation. Ramaco also has development projects underway, including the planned Brook Mine and the acquisition of additional reserves aimed at supporting long?term production growth.

Founded in 2013 by industry veteran Christopher Cline, Ramaco Resources went public in 2018 to fund its expansion into the metallurgical coal market.