Ramaco Resources, Inc. – 9.00% (NASDAQ:METCL) Sees Large Decrease in Short Interest

Ramaco Resources, Inc. – 9.00% (NASDAQ:METCL) saw a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 5,400 shares, a decline of 29.9% from the January 31st total of 7,700 shares. Based on an average trading volume of 3,300 shares, the short-interest ratio is presently 1.6 days.

Ramaco Resources, Inc. – 9.00% Stock Performance

METCL traded down $0.01 during midday trading on Tuesday, reaching $25.50. 1,649 shares of the company’s stock were exchanged, compared to its average volume of 2,711. The business’s 50-day moving average price is $25.73 and its 200 day moving average price is $25.76. Ramaco Resources, Inc. – 9.00% has a 1-year low of $25.09 and a 1-year high of $26.22.

Ramaco Resources, Inc. – 9.00% Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were given a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 8.83%. The ex-dividend date was Wednesday, January 15th.

About Ramaco Resources, Inc. – 9.00%

ramaco resources, inc. produces and sells metallurgical coal the company’s development portfolio includes the elk creek project consisting of approximately 20,552 acres of controlled mineral and 24 seams located in southern west virginia; the berwind coal property comprising approximately 31,200 acres of controlled mineral and an area of squire jim seam coal deposits, which is situated on the border of west virginia and virginia; the knox creek property consisting of approximately 61,343 acres of controlled mineral that is located in virginia; and the ram mine property comprising approximately 1,567 acres of controlled mineral, which is situated in southwestern pennsylvania.