Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ – Get Free Report) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 2,827 shares, a drop of 48.1% from the August 15th total of 5,451 shares. Based on an average daily trading volume, of 5,387 shares, the short-interest ratio is presently 0.5 days.
Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Trading Up 0.0%
METCZ traded up $0.01 on Tuesday, reaching $25.51. 1,928 shares of the company traded hands, compared to its average volume of 5,564. Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 has a one year low of $24.83 and a one year high of $26.00. The firm has a fifty day simple moving average of $25.37 and a two-hundred day simple moving average of $25.33.
Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be given a dividend of $0.5234 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $2.09 dividend on an annualized basis and a dividend yield of 8.2%.
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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