Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) Shares Shorted: Short Interest Up 239.0% in October

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) was the recipient of a large increase in short interest in October. As of October 30th, there was short interest totaling 3,759 shares, an increase of 239.0% from the October 15th total of 1,109 shares. Based on an average trading volume of 12,478 shares, the days-to-cover ratio is presently 0.3 days.

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Stock Down 0.6%

Shares of METCZ traded down $0.14 during trading hours on Thursday, reaching $24.32. 1,013 shares of the stock traded hands, compared to its average volume of 5,705. The stock has a fifty day simple moving average of $25.07 and a 200 day simple moving average of $25.27. Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 has a 52 week low of $23.97 and a 52 week high of $25.74.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Thursday, October 15th were paid a $0.5234 dividend. This represents a $2.09 dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date was Thursday, October 15th.

Ramaco Resources, Inc. is a U.S.-based producer and developer of metallurgical coal, a key ingredient in steelmaking. The company’s coal operations and development projects are located primarily in the Appalachian region, including West Virginia and Virginia. Ramaco also is developing its Brook Mine project in Wyoming, where it is exploring the potential to produce rare earth elements and other critical minerals from coal-related deposits. Its activities span mining, mineral development and the supply of raw materials to industrial markets.