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

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 965 shares, a drop of 81.5% from the September 15th total of 5,211 shares. Based on an average daily volume of 3,744 shares, the days-to-cover ratio is presently 0.3 days.

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Trading Down 0.2%

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 stock opened at $25.10 on Friday. 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 business’s 50-day simple moving average is $25.35 and its 200-day simple moving average is $25.32.

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

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 $0.5234 dividend. The ex-dividend date is Thursday, October 15th. This represents a $2.09 dividend on an annualized basis and a dividend 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.