Ramaco Resources, Inc. (NASDAQ:METCB) Announces Quarterly Dividend of $0.07

Ramaco Resources, Inc. (NASDAQ:METCB) declared a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Friday, December 4th will be paid a dividend of $0.0742 per share on Friday, December 18th. This represents a $0.30 annualized dividend and a yield of 7.5%. The ex-dividend date is Friday, December 4th.

Ramaco Resources Stock Down 5.7%

Shares of NASDAQ METCB opened at $3.98 on Wednesday. The company has a quick ratio of 3.31, a current ratio of 4.23 and a debt-to-equity ratio of 1.23. The company has a market cap of $252.29 million, a P/E ratio of -3.72 and a beta of 1.39. Ramaco Resources has a 52 week low of $3.57 and a 52 week high of $17.22. The business has a 50-day simple moving average of $5.03 and a two-hundred day simple moving average of $8.70.

Ramaco Resources (NASDAQ:METCB) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported ($0.32) earnings per share for the quarter. Ramaco Resources had a negative net margin of 11.98% and a negative return on equity of 13.54%. The company had revenue of $150.09 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Ramaco Resources from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, October 26th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

About Ramaco Resources

Ramaco Resources, Inc is a coal company that develops, operates and sells metallurgical coal, a key raw material used in steelmaking. The company produces several grades of metallurgical coal for domestic and international steel and coke markets, with its activities focused primarily on mining, processing and marketing coal.

Ramaco Resources operates in the Central Appalachian region, including assets in southern West Virginia and southwestern Virginia. Its portfolio has included the Elk Creek complex and other development and production properties in the region.