Ramaco Resources (NASDAQ:METCB) Sees Large Volume Increase – Still a Buy?

Ramaco Resources, Inc. (NASDAQ:METCB) shares saw strong trading volume on Monday . 34,795 shares traded hands during trading, a decline of 4% from the previous session’s volume of 36,233 shares.The stock last traded at $10.98 and had previously closed at $11.43.

Ramaco Resources Stock Performance

The stock has a market cap of $647.84 million, a price-to-earnings ratio of -9.04 and a beta of 0.98. The stock’s fifty day moving average is $10.59 and its 200-day moving average is $11.46. The company has a quick ratio of 3.93, a current ratio of 4.88 and a debt-to-equity ratio of 1.06.

Ramaco Resources (NASDAQ:METCB) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.30) earnings per share (EPS) for the quarter. The firm had revenue of $121.61 million for the quarter. Ramaco Resources had a negative net margin of 11.52% and a negative return on equity of 13.44%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in shares of Ramaco Resources by 574.4% in the third quarter. Bank of America Corp DE now owns 3,190 shares of the company’s stock valued at $54,000 after buying an additional 2,717 shares during the period. XTX Topco Ltd acquired a new position in shares of Ramaco Resources in the fourth quarter valued at approximately $129,000. Lunt Capital Management Inc. acquired a new position in shares of Ramaco Resources in the fourth quarter valued at approximately $148,000. Fifth Third Bancorp boosted its holdings in shares of Ramaco Resources by 11,116.7% in the first quarter. Fifth Third Bancorp now owns 15,479 shares of the company’s stock valued at $158,000 after buying an additional 15,341 shares during the period. Finally, Franklin Resources Inc. acquired a new position in shares of Ramaco Resources in the third quarter valued at approximately $177,000. Institutional investors and hedge funds own 9.63% of the company’s stock.

About Ramaco Resources

Ramaco Resources (NASDAQ:METCB) is a U.S.-based coal company focused on the exploration, development and production of metallurgical and thermal coal. The company’s operations encompass both surface and underground mining in the central Appalachian Basin, where it seeks to capitalize on the region’s high-quality, low-ash coal reserves. Ramaco’s product portfolio includes metallurgical coking coal used in steelmaking, as well as steam coal for power generation, with an emphasis on meeting the exacting specifications of industrial customers.

Founded in 2014 and headquartered in Houston, Texas, Ramaco Resources has assembled a strategic acreage position in southern West Virginia and southwestern Pennsylvania.