Simcoe Capital LLC Invests $1.89 Million in Ramaco Resources, Inc. $METCB

Simcoe Capital LLC acquired a new position in shares of Ramaco Resources, Inc. (NASDAQ:METCB) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 160,995 shares of the company’s stock, valued at approximately $1,892,000. Simcoe Capital LLC owned 0.24% of Ramaco Resources as of its most recent SEC filing.

Several other large investors also recently modified their holdings of METCB. MCF Advisors LLC acquired a new stake in shares of Ramaco Resources during the third quarter worth $27,000. Bank of America Corp DE increased its position in shares of Ramaco Resources by 574.4% during the third quarter. Bank of America Corp DE now owns 3,190 shares of the company’s stock worth $54,000 after buying an additional 2,717 shares during the period. Lunt Capital Management Inc. acquired a new stake in shares of Ramaco Resources during the fourth quarter worth $148,000. XTX Topco Ltd increased its position in shares of Ramaco Resources by 49.2% during the second quarter. XTX Topco Ltd now owns 20,398 shares of the company’s stock worth $167,000 after buying an additional 6,727 shares during the period. Finally, Franklin Resources Inc. acquired a new stake in shares of Ramaco Resources during the third quarter worth $177,000. 9.63% of the stock is currently owned by institutional investors and hedge funds.

Ramaco Resources Stock Down 2.2%

Shares of NASDAQ METCB opened at $10.46 on Wednesday. The firm has a market cap of $702.08 million, a PE ratio of -9.51 and a beta of 0.91. Ramaco Resources, Inc. has a 12-month low of $7.13 and a 12-month high of $22.11. The company’s fifty day simple moving average is $10.80 and its 200 day simple moving average is $12.13. The company has a quick ratio of 4.66, a current ratio of 5.46 and a debt-to-equity ratio of 0.95.

Ramaco Resources (NASDAQ:METCB) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.30) earnings per share for the quarter. Ramaco Resources had a negative net margin of 11.52% and a negative return on equity of 13.32%. The business had revenue of $121.61 million during the quarter.

Ramaco Resources Company Profile

Ramaco Resources (NASDAQ:METCB) is a U.S.-based coal company focused on the exploration, development and production of metallurgical and thermal coal. The company’s operations encompass both surface and underground mining in the central Appalachian Basin, where it seeks to capitalize on the region’s high-quality, low-ash coal reserves. Ramaco’s product portfolio includes metallurgical coking coal used in steelmaking, as well as steam coal for power generation, with an emphasis on meeting the exacting specifications of industrial customers.

Founded in 2014 and headquartered in Houston, Texas, Ramaco Resources has assembled a strategic acreage position in southern West Virginia and southwestern Pennsylvania.