Ramaco Resources (NASDAQ:METCB) Sees Strong Trading Volume

Shares of Ramaco Resources, Inc. (NASDAQ:METCB) saw an uptick in trading volume on Monday . 14,130 shares were traded during mid-day trading, a decline of 45% from the previous session’s volume of 25,478 shares.The stock last traded at $9.75 and had previously closed at $9.88.

Ramaco Resources Stock Down 3.8 %

The stock has a 50 day simple moving average of $10.93 and a 200 day simple moving average of $11.29.

Ramaco Resources (NASDAQ:METCB) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $155.32 million for the quarter.

Ramaco Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.2246 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.90 annualized dividend and a dividend yield of 9.46%.

Institutional Trading of Ramaco Resources

Several large investors have recently added to or reduced their stakes in METCB. Global Trust Asset Management LLC boosted its holdings in Ramaco Resources by 1,237.6% during the first quarter. Global Trust Asset Management LLC now owns 14,647 shares of the company’s stock valued at $184,000 after acquiring an additional 13,552 shares during the period. Renaissance Technologies LLC boosted its holdings in Ramaco Resources by 17.3% during the second quarter. Renaissance Technologies LLC now owns 65,900 shares of the company’s stock valued at $716,000 after acquiring an additional 9,696 shares during the period. Corsair Capital Management L.P. boosted its holdings in Ramaco Resources by 11.7% during the fourth quarter. Corsair Capital Management L.P. now owns 79,573 shares of the company’s stock valued at $1,059,000 after acquiring an additional 8,328 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Ramaco Resources by 10.3% during the second quarter. American Century Companies Inc. now owns 129,040 shares of the company’s stock valued at $1,401,000 after acquiring an additional 11,997 shares during the period. 9.63% of the stock is owned by institutional investors and hedge funds.

Ramaco Resources Company Profile

Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.