Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ – Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 5,451 shares, a growth of 67.2% from the July 30th total of 3,261 shares. Based on an average trading volume of 2,296 shares, the short-interest ratio is currently 2.4 days.
Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Trading Up 0.0%
Shares of METCZ traded up $0.01 during mid-day trading on Monday, reaching $25.46. The company’s stock had a trading volume of 2,071 shares, compared to its average volume of 5,663. Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 has a 52 week low of $24.83 and a 52 week high of $26.00. The company’s fifty day moving average price is $25.38 and its two-hundred day moving average price is $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. Investors of record on Thursday, October 15th will be issued a dividend of $0.5234 per share. The ex-dividend date is Thursday, October 15th. This represents a $2.09 annualized dividend and a 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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