Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) Stock Jumps 0.1% – Should You Buy?

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ)’s stock price shot up 0.1% on Monday. The stock traded as high as $24.73 and last traded at $24.64. Approximately 2,600 shares traded hands during trading, a decline of 55% from the average session volume of 5,751 shares. The stock had previously closed at $24.61.

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

The firm has a 50-day moving average price of $25.17 and a 200-day moving average price of $25.29.

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. Shareholders of record on Thursday, October 15th were paid a dividend of $0.5234 per share. This represents a $2.09 dividend on an annualized basis and a yield of 8.6%. The ex-dividend date was Thursday, October 15th.

Ramaco Resources, Inc is a coal producer and developer focused primarily on metallurgical coal used in steelmaking. Through its subsidiaries, the company operates and develops mining properties in Central Appalachia and Wyoming, producing coal for domestic and international customers in the steel, foundry and related industrial markets.

The company’s operations include the Elk Creek and Berwind mining complexes in West Virginia and the RAM Mine in Wyoming. Its products are marketed based on their metallurgical characteristics and may be used in the production of coke, an essential ingredient in traditional steel manufacturing.