Ramaco Resources (NASDAQ:METCB – Get Free Report) issued its quarterly earnings results on Monday. The company reported ($0.30) earnings per share for the quarter, Zacks reports. Ramaco Resources had a negative net margin of 9.59% and a negative return on equity of 11.36%.
Ramaco Resources Stock Performance
Shares of NASDAQ METCB traded up $0.16 during trading on Monday, reaching $10.69. The stock had a trading volume of 33,749 shares, compared to its average volume of 37,175. Ramaco Resources has a one year low of $7.13 and a one year high of $22.11. The company has a debt-to-equity ratio of 0.95, a quick ratio of 4.66 and a current ratio of 5.46. The stock has a market cap of $717.50 million, a PE ratio of -10.69 and a beta of 0.91. The firm’s 50 day moving average price is $10.92 and its two-hundred day moving average price is $12.25.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in METCB. Yorktown Energy Partners XI L.P. grew its stake in Ramaco Resources by 20.6% during the 2nd quarter. Yorktown Energy Partners XI L.P. now owns 1,220,133 shares of the company’s stock worth $9,981,000 after buying an additional 208,397 shares during the last quarter. Yorktown Energy Partners IX L.P. boosted its position in Ramaco Resources by 18.5% during the 2nd quarter. Yorktown Energy Partners IX L.P. now owns 1,204,053 shares of the company’s stock worth $9,849,000 after acquiring an additional 188,278 shares during the period. Yorktown Energy Partners X L.P. boosted its position in Ramaco Resources by 20.6% during the 2nd quarter. Yorktown Energy Partners X L.P. now owns 806,465 shares of the company’s stock worth $6,597,000 after acquiring an additional 137,742 shares during the period. Vanguard Group Inc. boosted its position in Ramaco Resources by 40.0% during the 3rd quarter. Vanguard Group Inc. now owns 327,496 shares of the company’s stock worth $5,518,000 after acquiring an additional 93,635 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Ramaco Resources by 79.4% during the 4th quarter. Renaissance Technologies LLC now owns 157,643 shares of the company’s stock worth $1,852,000 after acquiring an additional 69,769 shares during the period. 9.63% of the stock is currently owned by institutional investors.
Ramaco Resources Company Profile
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.
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