Ramaco Resources (NASDAQ:METCB) Shares Gap Up – Should You Buy?

Ramaco Resources, Inc. (NASDAQ:METCB) gapped up prior to trading on Wednesday . The stock had previously closed at $10.04, but opened at $10.74. Ramaco Resources shares last traded at $10.11, with a volume of 1,146 shares trading hands.

Ramaco Resources Stock Performance

The stock’s 50-day moving average is $11.05 and its 200-day moving average is $12.51. The company has a current ratio of 5.46, a quick ratio of 4.66 and a debt-to-equity ratio of 0.95. The stock has a market cap of $672.54 million, a price-to-earnings ratio of -10.02 and a beta of 1.17.

Ramaco Resources (NASDAQ:METCB) last announced its quarterly earnings results on Wednesday, February 25th. The company reported ($0.26) earnings per share for the quarter. Ramaco Resources had a negative net margin of 9.59% and a negative return on equity of 11.36%. The business had revenue of $128.01 million for the quarter.

Institutional Trading of Ramaco Resources

A number of institutional investors have recently added to or reduced their stakes in the business. Yorktown Energy Partners XI L.P. raised its position in Ramaco Resources by 1.4% in the fourth quarter. Yorktown Energy Partners XI L.P. now owns 1,252,527 shares of the company’s stock valued at $14,717,000 after purchasing an additional 17,768 shares during the period. Yorktown Energy Partners IX L.P. boosted its position in shares of Ramaco Resources by 1.4% in the fourth quarter. Yorktown Energy Partners IX L.P. now owns 1,235,359 shares of the company’s stock worth $14,515,000 after buying an additional 17,040 shares during the period. Yorktown Energy Partners X L.P. grew its stake in shares of Ramaco Resources by 1.4% in the fourth quarter. Yorktown Energy Partners X L.P. now owns 827,876 shares of the company’s stock valued at $9,728,000 after buying an additional 11,744 shares in the last quarter. First Eagle Investment Management LLC grew its stake in shares of Ramaco Resources by 52.7% in the fourth quarter. First Eagle Investment Management LLC now owns 467,126 shares of the company’s stock valued at $5,489,000 after buying an additional 161,292 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Ramaco Resources by 40.0% during the 3rd quarter. Vanguard Group Inc. now owns 327,496 shares of the company’s stock valued at $5,518,000 after buying an additional 93,635 shares during the period. 9.63% of the stock is owned by hedge funds and other institutional investors.

Ramaco Resources Company Profile

Ramaco Resources (NASDAQ:METCB) is a U.S.-based coal company focused on the exploration, development and production of metallurgical and thermal coal. The company’s operations encompass both surface and underground mining in the central Appalachian Basin, where it seeks to capitalize on the region’s high-quality, low-ash coal reserves. Ramaco’s product portfolio includes metallurgical coking coal used in steelmaking, as well as steam coal for power generation, with an emphasis on meeting the exacting specifications of industrial customers.

Founded in 2014 and headquartered in Houston, Texas, Ramaco Resources has assembled a strategic acreage position in southern West Virginia and southwestern Pennsylvania.