Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ – Get Free Report) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 6,213 shares, a decrease of 47.4% from the June 30th total of 11,814 shares. Based on an average daily volume of 5,107 shares, the short-interest ratio is presently 1.2 days.
Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Stock Down 0.1%
Shares of Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 stock traded down $0.02 during trading on Wednesday, hitting $25.31. 4,541 shares of the stock traded hands, compared to its average volume of 5,958. The company has a fifty day moving average price of $25.36 and a two-hundred day moving average price of $25.34. Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 has a twelve month low of $24.83 and a twelve month high of $26.00.
Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be paid a $0.5234 dividend. The ex-dividend date is Thursday, October 15th. This represents a $2.09 dividend on an annualized basis and a yield of 8.3%.
Ramaco Resources, Inc is a U.S.-based coal producer specializing in the extraction and sale of high‐grade metallurgical and steam coal. The company’s core operations are centered in southern West Virginia, where it operates the Elk Creek mining complex and the Alma metallurgical coal complex. These underground mines produce bituminous coal primarily used in steelmaking, as well as thermal coal for power generation. Ramaco also has development projects underway, including the planned Brook Mine and the acquisition of additional reserves aimed at supporting long‐term production growth.
Founded in 2013 by industry veteran Christopher Cline, Ramaco Resources went public in 2018 to fund its expansion into the metallurgical coal market.
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