Ramaco Resources (NASDAQ:METCB) Sees Large Volume Increase – Time to Buy?

Ramaco Resources, Inc. (NASDAQ:METCB) saw strong trading volume on Tuesday . 53,117 shares were traded during mid-day trading, an increase of 47% from the previous session’s volume of 36,116 shares.The stock last traded at $11.35 and had previously closed at $10.11.

Ramaco Resources Stock Performance

The company has a current ratio of 4.88, a quick ratio of 3.93 and a debt-to-equity ratio of 1.06. The business’s fifty day moving average price is $10.52 and its two-hundred day moving average price is $11.80.

Ramaco Resources (NASDAQ:METCB) last issued its earnings results on Monday, May 11th. The company reported ($0.30) earnings per share (EPS) for the quarter. Ramaco Resources had a negative return on equity of 13.44% and a negative net margin of 11.52%.The firm had revenue of $121.61 million during the quarter.

Institutional Trading of Ramaco Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in METCB. MCF Advisors LLC purchased a new stake in Ramaco Resources in the 3rd quarter worth approximately $27,000. Bank of America Corp DE increased its holdings in shares of Ramaco Resources by 574.4% during the 3rd quarter. Bank of America Corp DE now owns 3,190 shares of the company’s stock valued at $54,000 after purchasing an additional 2,717 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Ramaco Resources in the 4th quarter valued at $129,000. Lunt Capital Management Inc. acquired a new position in shares of Ramaco Resources in the 4th quarter valued at $148,000. Finally, Fifth Third Bancorp boosted its holdings in Ramaco Resources by 11,116.7% during the first quarter. Fifth Third Bancorp now owns 15,479 shares of the company’s stock worth $158,000 after buying an additional 15,341 shares in the last quarter. Institutional investors and hedge funds own 9.63% of the company’s stock.

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.