Ramaco Resources (NASDAQ:METCB) Issues Earnings Results

Ramaco Resources (NASDAQ:METCB) issued its earnings results on Monday. The company reported ($0.20) earnings per share for the quarter, Zacks reports.

Ramaco Resources Stock Performance

Shares of METCB traded up $0.03 during mid-day trading on Monday, reaching $8.84. 5,271 shares of the company were exchanged, compared to its average volume of 34,155. Ramaco Resources has a 52 week low of $6.01 and a 52 week high of $11.60. The stock has a market capitalization of $477.09 million, a PE ratio of 25.99 and a beta of 1.03. The business has a 50 day simple moving average of $8.00 and a two-hundred day simple moving average of $9.13.

Ramaco Resources Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.1971 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 8.92%. The ex-dividend date of this dividend was Friday, February 28th. Ramaco Resources’s payout ratio is 229.41%.

About Ramaco Resources

Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.