Ramaco Resources (NASDAQ:METCB) Releases Earnings Results

Ramaco Resources (NASDAQ:METCB) posted its quarterly earnings data on Monday. The company reported $0.06 earnings per share (EPS) for the quarter, Zacks reports.

Ramaco Resources Price Performance

Shares of NASDAQ METCB traded down $0.10 during mid-day trading on Monday, hitting $8.59. The stock had a trading volume of 40,302 shares, compared to its average volume of 30,264. The company has a 50 day moving average of $9.18 and a two-hundred day moving average of $10.00. Ramaco Resources has a twelve month low of $8.31 and a twelve month high of $12.90.

Ramaco Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.1971 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 9.18%. The ex-dividend date is Friday, February 28th.

About Ramaco Resources

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.