Ramaco Resources (NASDAQ:METCB) Announces Quarterly Earnings Results

Ramaco Resources (NASDAQ:METCB) posted its quarterly earnings data on Monday. The company reported ($0.20) earnings per share for the quarter, Zacks reports.

Ramaco Resources Price Performance

Shares of Ramaco Resources stock traded up $0.03 during trading on Monday, hitting $8.84. 5,271 shares of the company were exchanged, compared to its average volume of 34,155. The firm’s fifty day moving average price is $8.00 and its 200 day moving average price is $9.13. Ramaco Resources has a 1-year low of $6.01 and a 1-year high of $11.60. The firm has a market capitalization of $477.09 million, a P/E ratio of 25.99 and a beta of 1.03.

Ramaco Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.1971 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.79 dividend on an annualized basis and a yield of 8.92%. Ramaco Resources’s payout ratio is 229.41%.

Ramaco Resources Company Profile

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.