Ramaco Resources (NASDAQ:METCB) Stock Price Up 8% – What’s Next?

Ramaco Resources, Inc. (NASDAQ:METCB) was up 8% on Tuesday . The stock traded as high as $12.15 and last traded at $12.14. Approximately 45,576 shares were traded during trading, a decline of 58% from the average daily volume of 109,442 shares. The stock had previously closed at $11.24.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Ramaco Resources in a research report on Monday, December 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, Ramaco Resources presently has an average rating of “Sell”.

Ramaco Resources Stock Up 7.9%

The company has a current ratio of 2.97, a quick ratio of 2.24 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $800.25 million, a PE ratio of -17.85 and a beta of 0.95. The stock’s fifty day simple moving average is $15.17 and its 200-day simple moving average is $13.38.

Ramaco Resources (NASDAQ:METCB) last announced its earnings results on Monday, October 27th. The company reported ($0.25) earnings per share for the quarter. Ramaco Resources had a negative return on equity of 7.52% and a negative net margin of 5.67%.The business had revenue of $121.00 million during the quarter.

Institutional Trading of Ramaco Resources

Hedge funds and other institutional investors have recently bought and sold shares of the company. Acuitas Investments LLC lifted its stake in Ramaco Resources by 1.2% in the 3rd quarter. Acuitas Investments LLC now owns 182,621 shares of the company’s stock worth $3,077,000 after purchasing an additional 2,163 shares in the last quarter. Yorktown Energy Partners IX L.P. increased its holdings in shares of Ramaco Resources by 1.2% in the third quarter. Yorktown Energy Partners IX L.P. now owns 1,218,319 shares of the company’s stock worth $20,529,000 after purchasing an additional 14,266 shares during the period. Yorktown Energy Partners X L.P. raised its position in shares of Ramaco Resources by 1.2% in the third quarter. Yorktown Energy Partners X L.P. now owns 816,132 shares of the company’s stock worth $13,752,000 after buying an additional 9,667 shares in the last quarter. Yorktown Energy Partners XI L.P. boosted its stake in Ramaco Resources by 1.2% during the third quarter. Yorktown Energy Partners XI L.P. now owns 1,234,759 shares of the company’s stock valued at $20,806,000 after buying an additional 14,626 shares during the period. Finally, Citadel Advisors LLC grew its position in Ramaco Resources by 35.9% during the third quarter. Citadel Advisors LLC now owns 72,936 shares of the company’s stock worth $1,229,000 after buying an additional 19,280 shares in the last quarter. Institutional investors own 9.63% of the company’s stock.

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.