Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) Short Interest Down 47.4% in July

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 6,213 shares, a decrease of 47.4% from the June 30th total of 11,814 shares. Based on an average trading volume of 5,107 shares, the short-interest ratio is presently 1.2 days.

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Trading Down 0.3%

Shares of METCZ stock traded down $0.09 during midday trading on Friday, hitting $25.24. The company had a trading volume of 247 shares, compared to its average volume of 5,890. The company’s 50 day simple moving average is $25.36 and its 200 day simple moving average is $25.34. Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 has a 52-week low of $24.83 and a 52-week high of $26.00.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be issued a dividend of $0.5234 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $2.09 annualized dividend and a dividend yield of 8.3%.

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.