Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) Sees Large Growth in Short Interest

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 332 shares, a growth of 492.9% from the December 15th total of 56 shares. Based on an average daily volume of 4,517 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 4,517 shares, the days-to-cover ratio is presently 0.1 days.

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

Shares of NASDAQ:METCZ traded up $0.10 during mid-day trading on Tuesday, hitting $25.65. 100 shares of the company traded hands, compared to its average volume of 20,129. The firm’s 50 day simple moving average is $25.38 and its 200 day simple moving average is $25.39. Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 has a 52-week low of $23.18 and a 52-week high of $26.00.

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th were paid a $0.5234 dividend. The ex-dividend date was Wednesday, October 15th. This represents a $2.09 annualized dividend and a dividend yield of 8.2%.

Ramaco Resources, Inc is a U.S.-based coal producer specializing in the extraction and sale of high‐grade metallurgical and steam coal. The company’s core operations are centered in southern West Virginia, where it operates the Elk Creek mining complex and the Alma metallurgical coal complex. These underground mines produce bituminous coal primarily used in steelmaking, as well as thermal coal for power generation. Ramaco also has development projects underway, including the planned Brook Mine and the acquisition of additional reserves aimed at supporting long‐term production growth.

Founded in 2013 by industry veteran Christopher Cline, Ramaco Resources went public in 2018 to fund its expansion into the metallurgical coal market.