Ramaco Resources (NASDAQ:METCB) Issues Earnings Results

Ramaco Resources (NASDAQ:METCB) announced its quarterly earnings results on Monday. The company reported ($0.30) earnings per share (EPS) 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

METCB opened at $10.69 on Tuesday. The business has a fifty day simple moving average of $10.83 and a 200 day simple moving average of $12.16. The company has a market capitalization of $717.51 million, a PE ratio of -10.69 and a beta of 0.91. Ramaco Resources has a 1 year low of $7.13 and a 1 year high of $22.11. The company has a debt-to-equity ratio of 0.95, a current ratio of 5.46 and a quick ratio of 4.66.

Institutional Investors Weigh In On Ramaco Resources

A number of institutional investors have recently modified their holdings of the business. American Century Companies Inc. raised its stake in Ramaco Resources by 12.7% in the 2nd quarter. American Century Companies Inc. now owns 221,581 shares of the company’s stock worth $1,813,000 after purchasing an additional 24,924 shares in the last quarter. XTX Topco Ltd grew its position in shares of Ramaco Resources by 49.2% during the 2nd quarter. XTX Topco Ltd now owns 20,398 shares of the company’s stock worth $167,000 after purchasing an additional 6,727 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Ramaco Resources during the second quarter worth approximately $187,000. Yorktown Energy Partners X L.P. increased its holdings in shares of Ramaco Resources by 20.6% during the second quarter. Yorktown Energy Partners X L.P. now owns 806,465 shares of the company’s stock worth $6,597,000 after purchasing an additional 137,742 shares during the period. Finally, Yorktown Energy Partners IX L.P. raised its position in shares of Ramaco Resources by 18.5% in the second quarter. Yorktown Energy Partners IX L.P. now owns 1,204,053 shares of the company’s stock valued at $9,849,000 after buying an additional 188,278 shares in the last quarter. Institutional investors own 9.63% of the company’s stock.

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.