Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ – Get Free Report) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 3,261 shares, a decrease of 47.5% from the July 15th total of 6,213 shares. Based on an average daily volume of 3,589 shares, the short-interest ratio is currently 0.9 days.
Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Price Performance
Shares of NASDAQ METCZ traded down $0.05 on Monday, reaching $25.30. 3,557 shares of the company’s stock traded hands, compared to its average volume of 5,672. The business’s 50 day simple moving average is $25.35 and its two-hundred day simple moving average 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 firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be given a $0.5234 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $2.09 dividend on an annualized basis and a yield of 8.3%.
Ramaco Resources, Inc is a U.S.-based coal producer specializing in the extraction and sale of high‐grade metallurgical and steam coal. The company’s core operations are centered in southern West Virginia, where it operates the Elk Creek mining complex and the Alma metallurgical coal complex. These underground mines produce bituminous coal primarily used in steelmaking, as well as thermal coal for power generation. Ramaco also has development projects underway, including the planned Brook Mine and the acquisition of additional reserves aimed at supporting long‐term production growth.
Founded in 2013 by industry veteran Christopher Cline, Ramaco Resources went public in 2018 to fund its expansion into the metallurgical coal market.
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