Simcoe Capital LLC acquired a new position in Ramaco Resources, Inc. (NASDAQ:METCB – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 160,995 shares of the company’s stock, valued at approximately $1,892,000.
Several other large investors have also added to or reduced their stakes in the company. MCF Advisors LLC bought a new stake in shares of Ramaco Resources during the third quarter valued at approximately $27,000. Bank of America Corp DE grew its stake in shares of Ramaco Resources by 574.4% in the 3rd quarter. Bank of America Corp DE now owns 3,190 shares of the company’s stock worth $54,000 after buying an additional 2,717 shares in the last quarter. Franklin Resources Inc. purchased a new position in shares of Ramaco Resources in the 3rd quarter worth $177,000. Lunt Capital Management Inc. purchased a new position in shares of Ramaco Resources in the 4th quarter worth $148,000. Finally, XTX Topco Ltd grew its stake in shares of Ramaco Resources by 49.2% in the 2nd quarter. XTX Topco Ltd now owns 20,398 shares of the company’s stock worth $167,000 after buying an additional 6,727 shares in the last quarter. Hedge funds and other institutional investors own 9.63% of the company’s stock.
Ramaco Resources Stock Performance
Shares of NASDAQ:METCB opened at $10.46 on Wednesday. Ramaco Resources, Inc. has a 52 week low of $7.13 and a 52 week high of $22.11. The stock has a market capitalization of $702.08 million, a P/E ratio of -9.51 and a beta of 0.91. The firm has a fifty day simple moving average of $10.80 and a two-hundred day simple moving average of $12.13. The company has a quick ratio of 4.66, a current ratio of 5.46 and a debt-to-equity ratio of 0.95.
About Ramaco Resources
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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