Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) Stock Short Interest Climbs 84.3%

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 5,211 shares, an increase of 84.3% from the August 31st total of 2,827 shares. Based on an average daily volume of 3,857 shares, the short-interest ratio is presently 1.4 days.

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Trading Down 0.5%

Shares of METCZ traded down $0.13 during trading hours on Tuesday, reaching $25.16. 7,785 shares of the company traded hands, compared to its average volume of 5,478. 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 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be issued a $0.5234 dividend. The ex-dividend date is Thursday, October 15th. This represents a $2.09 annualized dividend and a yield of 8.3%.

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.