Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) Sees Significant Growth in Short Interest

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 5,211 shares, a growth of 84.3% from the August 31st total of 2,827 shares. Based on an average daily trading volume, of 3,857 shares, the short-interest ratio is currently 1.4 days.

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

Shares of NASDAQ METCZ opened at $25.17 on Thursday. The firm’s 50-day moving average price is $25.38 and its 200-day moving average price is $25.32. Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 has a 12-month low of $24.83 and a 12-month high of $26.00.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be given a $0.5234 dividend. The ex-dividend date is Thursday, October 15th. This represents a $2.09 annualized dividend and a yield of 8.3%.

Ramaco Resources, Inc is a U.S.-based producer and developer of metallurgical coal, which is primarily used in steelmaking. The company operates and develops mining assets in the Central Appalachian region and the Powder River Basin, supplying customers in domestic and international steel markets.

Its portfolio includes the Elk Creek complex in southern West Virginia, the Berwind mining complex in southern West Virginia and southwestern Virginia, and the Brook Mine in Sheridan, Wyoming.