Ramaco Resources (NASDAQ:METCB) Sees Strong Trading Volume – Should You Buy?

Ramaco Resources, Inc. (NASDAQ:METCB) shares saw strong trading volume on Wednesday . 37,439 shares traded hands during mid-day trading, an increase of 50% from the previous session’s volume of 24,911 shares.The stock last traded at $10.30 and had previously closed at $10.21.

Ramaco Resources Stock Up 0.9 %

The company has a 50 day moving average of $10.51 and a 200 day moving average of $10.75.

Ramaco Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.2364 dividend. This is a boost from Ramaco Resources’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.95 annualized dividend and a dividend yield of 9.18%.

Institutional Trading of Ramaco Resources

Several institutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. raised its position in shares of Ramaco Resources by 10.3% during the 2nd quarter. American Century Companies Inc. now owns 129,040 shares of the company’s stock worth $1,401,000 after purchasing an additional 11,997 shares during the period. Renaissance Technologies LLC grew its holdings in Ramaco Resources by 17.3% in the 2nd quarter. Renaissance Technologies LLC now owns 65,900 shares of the company’s stock worth $716,000 after buying an additional 9,696 shares in the last quarter. Finally, Barclays PLC grew its holdings in Ramaco Resources by 321.3% in the 3rd quarter. Barclays PLC now owns 7,184 shares of the company’s stock worth $77,000 after buying an additional 5,479 shares in the last quarter. Institutional investors and hedge funds own 9.63% of the company’s stock.

About Ramaco Resources

Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.