Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ – Get Free Report) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 11,814 shares, a growth of 969.1% from the June 15th total of 1,105 shares. Based on an average trading volume of 12,329 shares, the days-to-cover ratio is presently 1.0 days.
Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Price Performance
METCZ stock traded down $0.04 during midday trading on Friday, reaching $25.52. The stock had a trading volume of 2,217 shares, compared to its average volume of 6,122. The business has a fifty day simple moving average of $25.37 and a two-hundred day simple moving average of $25.35. 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. Stockholders of record on Thursday, October 15th will be paid a $0.5234 dividend. This represents a $2.09 annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend is Thursday, October 15th.
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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