Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ – Get Free Report) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 965 shares, a decline of 81.5% from the September 15th total of 5,211 shares. Based on an average trading volume of 3,744 shares, the short-interest ratio is presently 0.3 days.
Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Trading Down 0.2%
NASDAQ METCZ opened at $25.10 on Friday. The stock has a 50-day simple moving average of $25.35 and a 200 day simple moving average of $25.32. Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 has a 12 month low of $24.83 and a 12 month high of $26.00.
Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be paid a dividend of $0.5234 per share. This represents a $2.09 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend is Thursday, October 15th.
Ramaco Resources, Inc is a U.S.-based producer and developer of metallurgical coal, which is primarily used in steelmaking. The company operates and develops mining assets in the Central Appalachian region and the Powder River Basin, supplying customers in domestic and international steel markets.
Its portfolio includes the Elk Creek complex in southern West Virginia, the Berwind mining complex in southern West Virginia and southwestern Virginia, and the Brook Mine in Sheridan, Wyoming.
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