Ramaco Resources (NASDAQ:METCB) Trading Up 7.4% – Here’s What Happened

Ramaco Resources, Inc. (NASDAQ:METCB) was up 7.4% on Wednesday . The company traded as high as $12.60 and last traded at $12.55. Approximately 22,087 shares traded hands during trading, a decline of 49% from the average daily volume of 43,443 shares. The stock had previously closed at $11.68.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Ramaco Resources in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Ramaco Resources Stock Performance

The company has a debt-to-equity ratio of 0.95, a quick ratio of 4.66 and a current ratio of 5.46. The stock has a market cap of $688.38 million, a PE ratio of -10.43 and a beta of 1.03. The firm has a fifty day moving average price of $12.81 and a 200 day moving average price of $13.94.

Ramaco Resources (NASDAQ:METCB) last announced its earnings results on Wednesday, February 25th. The company reported ($0.26) earnings per share for the quarter. The business had revenue of $128.01 million for the quarter. Ramaco Resources had a negative return on equity of 11.36% and a negative net margin of 9.59%.

Institutional Trading of Ramaco Resources

A number of institutional investors have recently bought and sold shares of the stock. First Eagle Investment Management LLC acquired a new position in shares of Ramaco Resources in the 3rd quarter valued at $5,153,000. Samalin Investment Counsel LLC acquired a new position in shares of Ramaco Resources in the third quarter valued at about $972,000. Pekin Hardy Strauss Inc. acquired a new position in shares of Ramaco Resources in the third quarter valued at about $349,000. Byrne Asset Management LLC purchased a new position in shares of Ramaco Resources in the third quarter worth about $172,000. Finally, Franklin Resources Inc. purchased a new position in shares of Ramaco Resources in the third quarter worth about $177,000. 9.63% of the stock is currently owned by institutional investors and hedge funds.

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.