Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) Short Interest Down 47.5% in July

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 3,261 shares, a decline of 47.5% from the July 15th total of 6,213 shares. Based on an average daily trading volume, of 3,589 shares, the days-to-cover ratio is presently 0.9 days.

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Trading Up 0.2%

Shares of NASDAQ METCZ traded up $0.06 during trading on Tuesday, reaching $25.36. The company had a trading volume of 5,029 shares, compared to its average volume of 5,674. The company’s fifty day moving average price is $25.35 and its 200-day moving average price is $25.33. Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 has a 12 month low of $24.83 and a 12 month high of $26.00.

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

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