Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) Stock Short Interest Rises 239.0%

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) was the target of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 3,759 shares, a growth of 239.0% from the October 15th total of 1,109 shares. Based on an average daily volume of 12,478 shares, the days-to-cover ratio is currently 0.3 days.

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Trading Up 0.2%

METCZ stock traded up $0.05 during midday trading on Friday, reaching $24.49. 5,711 shares of the company were exchanged, compared to its average volume of 5,704. The business has a 50-day moving average price of $25.04 and a two-hundred day moving average price of $25.26. Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 has a one year low of $23.97 and a one year high of $25.74.

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Thursday, October 15th were given a $0.5234 dividend. The ex-dividend date of this dividend was Thursday, October 15th. This represents a $2.09 annualized dividend and a dividend yield of 8.6%.

Ramaco Resources, Inc. is a U.S.-based producer and developer of metallurgical coal, a key ingredient in steelmaking. The company’s coal operations and development projects are located primarily in the Appalachian region, including West Virginia and Virginia. Ramaco also is developing its Brook Mine project in Wyoming, where it is exploring the potential to produce rare earth elements and other critical minerals from coal-related deposits. Its activities span mining, mineral development and the supply of raw materials to industrial markets.