Ramaco Resources (NASDAQ:METCB) Sees Strong Trading Volume

Ramaco Resources, Inc. (NASDAQ:METCB) saw unusually-high trading volume on Monday . Approximately 14,130 shares were traded during mid-day trading, a decline of 45% from the previous session’s volume of 25,478 shares.The stock last traded at $9.75 and had previously closed at $9.88.

Ramaco Resources Trading Up 5.9 %

The business’s 50 day moving average price is $10.89 and its 200-day moving average price is $11.25.

Ramaco Resources (NASDAQ:METCB) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.08 EPS for the quarter. The business had revenue of $155.32 million during the quarter.

Ramaco Resources Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.2246 per share. The ex-dividend date was Friday, August 30th. This represents a $0.90 annualized dividend and a yield of 8.61%.

Institutional Investors Weigh In On Ramaco Resources

Hedge funds and other institutional investors have recently modified their holdings of the stock. Corsair Capital Management L.P. increased its position in shares of Ramaco Resources by 11.7% in the fourth quarter. Corsair Capital Management L.P. now owns 79,573 shares of the company’s stock valued at $1,059,000 after buying an additional 8,328 shares in the last quarter. Global Trust Asset Management LLC increased its holdings in Ramaco Resources by 1,237.6% during the 1st quarter. Global Trust Asset Management LLC now owns 14,647 shares of the company’s stock valued at $184,000 after acquiring an additional 13,552 shares in the last quarter. American Century Companies Inc. raised its position in Ramaco Resources by 10.3% during the second quarter. American Century Companies Inc. now owns 129,040 shares of the company’s stock worth $1,401,000 after acquiring an additional 11,997 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Ramaco Resources by 17.3% in the second quarter. Renaissance Technologies LLC now owns 65,900 shares of the company’s stock valued at $716,000 after purchasing an additional 9,696 shares in the last quarter. 9.63% of the stock is currently owned by institutional investors and hedge funds.

Ramaco Resources Company Profile

Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.