Ramaco Resources, Inc. (NASDAQ:METCB) Stock to Pay Quarterly Dividend of $0.07

Ramaco Resources, Inc. (NASDAQ:METCB) announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Friday, December 4th will be given a dividend of $0.0742 per share on Friday, December 18th. This represents a $0.30 annualized dividend and a yield of 7.2%. The ex-dividend date is Friday, December 4th.

Ramaco Resources Stock Performance

Shares of Ramaco Resources stock opened at $4.12 on Wednesday. Ramaco Resources has a 12-month low of $3.57 and a 12-month high of $17.22. The company has a current ratio of 4.23, a quick ratio of 3.31 and a debt-to-equity ratio of 1.23. The stock has a fifty day simple moving average of $5.03 and a 200 day simple moving average of $8.70.

Ramaco Resources (NASDAQ:METCB) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported ($0.32) EPS for the quarter. The company had revenue of $150.09 million during the quarter. Ramaco Resources had a negative return on equity of 13.54% and a negative net margin of 11.98%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Ramaco Resources from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, October 26th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Ramaco Resources currently has a consensus rating of “Sell”.

About Ramaco Resources

Ramaco Resources, Inc is a coal company that develops, operates and sells metallurgical coal, a key raw material used in steelmaking. The company produces several grades of metallurgical coal for domestic and international steel and coke markets, with its activities focused primarily on mining, processing and marketing coal.

Ramaco Resources operates in the Central Appalachian region, including assets in southern West Virginia and southwestern Virginia. Its portfolio has included the Elk Creek complex and other development and production properties in the region.