Ramaco Resources (NASDAQ:METCB) Shares Gap Up – Here’s What Happened

Ramaco Resources, Inc. (NASDAQ:METCB) shares gapped up before the market opened on Monday . The stock had previously closed at $12.82, but opened at $13.58. Ramaco Resources shares last traded at $13.4550, with a volume of 7,071 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Ramaco Resources in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Ramaco Resources Stock Down 5.8%

The firm has a market capitalization of $817.08 million, a price-to-earnings ratio of -18.21 and a beta of 0.96. The company has a quick ratio of 2.24, a current ratio of 2.97 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $12.33 and a two-hundred day moving average of $14.25.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. MCF Advisors LLC bought a new stake in shares of Ramaco Resources in the 3rd quarter valued at about $27,000. Acuitas Investments LLC grew its stake in shares of Ramaco Resources by 1.2% in the 3rd quarter. Acuitas Investments LLC now owns 182,621 shares of the company’s stock valued at $3,077,000 after buying an additional 2,163 shares during the period. Bank of America Corp DE increased its holdings in shares of Ramaco Resources by 574.4% during the third quarter. Bank of America Corp DE now owns 3,190 shares of the company’s stock valued at $54,000 after acquiring an additional 2,717 shares in the last quarter. XTX Topco Ltd increased its stake in Ramaco Resources by 49.2% during the 2nd quarter. XTX Topco Ltd now owns 20,398 shares of the company’s stock valued at $167,000 after purchasing an additional 6,727 shares in the last quarter. Finally, Yorktown Energy Partners X L.P. raised its holdings in shares of Ramaco Resources by 1.2% in the 3rd quarter. Yorktown Energy Partners X L.P. now owns 816,132 shares of the company’s stock worth $13,752,000 after acquiring an additional 9,667 shares during the last quarter. 9.63% of the stock is currently owned by institutional investors.

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.