Ramaco Resources (NASDAQ:METCB) Sees Strong Trading Volume – Still a Buy?

Ramaco Resources, Inc. (NASDAQ:METCB) saw an uptick in trading volume on Monday . 34,795 shares changed hands during trading, a decline of 4% from the previous session’s volume of 36,233 shares.The stock last traded at $10.98 and had previously closed at $11.43.

Ramaco Resources Price Performance

The company has a current ratio of 4.88, a quick ratio of 3.93 and a debt-to-equity ratio of 1.06. The business has a 50-day moving average price of $10.74 and a 200 day moving average price of $11.63. The stock has a market cap of $699.71 million, a PE ratio of -9.76 and a beta of 0.98.

Ramaco Resources (NASDAQ:METCB) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.30) EPS for the quarter. Ramaco Resources had a negative net margin of 11.52% and a negative return on equity of 13.44%. The firm had revenue of $121.61 million for the quarter.

Institutional Trading of Ramaco Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Yorktown Energy Partners XI L.P. increased its stake in Ramaco Resources by 1.4% in the 4th quarter. Yorktown Energy Partners XI L.P. now owns 1,252,527 shares of the company’s stock worth $14,717,000 after acquiring an additional 17,768 shares during the last quarter. Yorktown Energy Partners IX L.P. increased its position in shares of Ramaco Resources by 1.4% during the 4th quarter. Yorktown Energy Partners IX L.P. now owns 1,235,359 shares of the company’s stock valued at $14,515,000 after purchasing an additional 17,040 shares during the last quarter. Yorktown Energy Partners X L.P. increased its position in shares of Ramaco Resources by 1.4% during the 4th quarter. Yorktown Energy Partners X L.P. now owns 827,876 shares of the company’s stock valued at $9,728,000 after purchasing an additional 11,744 shares during the last quarter. First Eagle Investment Management LLC increased its position in shares of Ramaco Resources by 52.7% during the 4th quarter. First Eagle Investment Management LLC now owns 467,126 shares of the company’s stock valued at $5,489,000 after purchasing an additional 161,292 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Ramaco Resources by 40.0% during the 3rd quarter. Vanguard Group Inc. now owns 327,496 shares of the company’s stock valued at $5,518,000 after purchasing an additional 93,635 shares during the last quarter. 9.63% of the stock is currently owned by institutional investors.

About Ramaco Resources

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.