Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) Shares Shorted: Short Interest Up 239.0% in October

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 3,759 shares, a growth of 239.0% from the October 15th total of 1,109 shares. Based on an average daily volume of 12,478 shares, the short-interest ratio is presently 0.3 days.

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

METCZ traded down $0.14 during trading on Thursday, hitting $24.32. 1,013 shares of the company traded hands, compared to its average volume of 5,705. The stock’s fifty day moving average is $25.07 and its 200 day moving average is $25.27. Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 has a one year low of $23.97 and a one year high of $25.74.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Thursday, October 15th were issued a $0.5234 dividend. The ex-dividend date of this dividend was Thursday, October 15th. This represents a $2.09 annualized dividend and a yield of 8.6%.

Ramaco Resources, Inc. is a U.S.-based producer and developer of metallurgical coal, a key ingredient in steelmaking. The company’s coal operations and development projects are located primarily in the Appalachian region, including West Virginia and Virginia. Ramaco also is developing its Brook Mine project in Wyoming, where it is exploring the potential to produce rare earth elements and other critical minerals from coal-related deposits. Its activities span mining, mineral development and the supply of raw materials to industrial markets.