Ramaco Resources (NASDAQ:METCB) Sees Strong Trading Volume – Here’s Why

Ramaco Resources, Inc. (NASDAQ:METCB) shares saw strong trading volume on Tuesday . 53,117 shares were traded during mid-day trading, an increase of 47% from the previous session’s volume of 36,116 shares.The stock last traded at $11.35 and had previously closed at $10.11.

Ramaco Resources Price Performance

The company has a current ratio of 4.88, a quick ratio of 3.93 and a debt-to-equity ratio of 1.06. The business’s 50-day simple moving average is $10.45 and its 200 day simple moving average is $11.88. The company has a market capitalization of $765.17 million, a P/E ratio of -10.36 and a beta of 0.91.

Ramaco Resources (NASDAQ:METCB) last posted its earnings results on Monday, May 11th. The company reported ($0.30) EPS for the quarter. The business had revenue of $121.61 million during the quarter. Ramaco Resources had a negative return on equity of 13.44% and a negative net margin of 11.52%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. MCF Advisors LLC acquired a new position in Ramaco Resources during the third quarter worth $27,000. Bank of America Corp DE increased its holdings in Ramaco Resources by 574.4% in the 3rd quarter. Bank of America Corp DE now owns 3,190 shares of the company’s stock valued at $54,000 after buying an additional 2,717 shares during the period. Franklin Resources Inc. bought a new position in Ramaco Resources in the 3rd quarter valued at approximately $177,000. XTX Topco Ltd bought a new position in Ramaco Resources during the 4th quarter worth approximately $129,000. Finally, Lunt Capital Management Inc. bought a new position in Ramaco Resources during the 4th quarter worth approximately $148,000. Institutional investors and hedge funds own 9.63% of the company’s stock.

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.