Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ – Get Free Report) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 5,451 shares, a growth of 67.2% from the July 30th total of 3,261 shares. Based on an average trading volume of 2,296 shares, the days-to-cover ratio is currently 2.4 days.
Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Stock Up 0.0%
Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 stock traded up $0.01 during mid-day trading on Monday, reaching $25.46. 2,071 shares of the company traded hands, compared to its average volume of 5,663. Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 has a 52-week low of $24.83 and a 52-week high of $26.00. The firm’s 50 day moving average price is $25.38 and its 200 day moving average price is $25.33.
Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be given a dividend of $0.5234 per share. This represents a $2.09 annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend 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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