Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ – Get Free Report) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 2,032 shares, an increase of 512.0% from the December 31st total of 332 shares. Based on an average trading volume of 16,771 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 16,771 shares, the days-to-cover ratio is presently 0.1 days.
Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Stock Up 0.1%
Shares of NASDAQ METCZ traded up $0.02 during midday trading on Wednesday, reaching $25.49. 3,444 shares of the stock traded hands, compared to its average volume of 12,041. The company’s 50 day moving average is $25.37 and its 200 day moving average is $25.42. Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 has a one year low of $23.18 and a one year high of $26.00.
Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th were issued a $0.5234 dividend. The ex-dividend date was Wednesday, October 15th. This represents a $2.09 dividend on an annualized basis and a dividend yield of 8.2%.
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.
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