Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ – Get Free Report) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 6,213 shares, a decline of 47.4% from the June 30th total of 11,814 shares. Based on an average daily trading volume, of 5,107 shares, the days-to-cover ratio is presently 1.2 days.
Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Trading Down 0.2%
METCZ stock traded down $0.06 during mid-day trading on Thursday, reaching $25.25. 1,710 shares of the stock traded hands, compared to its average volume of 5,929. Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 has a one year low of $24.83 and a one year high of $26.00. The business has a 50-day moving average price of $25.36 and a two-hundred day moving average price of $25.34.
Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be issued a dividend of $0.5234 per share. This represents a $2.09 annualized dividend and a yield of 8.3%. The ex-dividend date is Thursday, October 15th.
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.
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