Ramaco Resources (NASDAQ:METCB) Shares Gap Up to $10.17

Shares of Ramaco Resources, Inc. (NASDAQ:METCB) gapped up prior to trading on Tuesday . The stock had previously closed at $10.17, but opened at $10.42. Ramaco Resources shares last traded at $10.15, with a volume of 1,108 shares traded.

Ramaco Resources Trading Down 1.8 %

The company has a fifty day moving average price of $11.01 and a 200-day moving average price of $11.36.

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

Ramaco Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.2246 per share. The ex-dividend date is Friday, August 30th. This represents a $0.90 dividend on an annualized basis and a yield of 8.99%.

Institutional Trading of Ramaco Resources

Institutional investors have recently made changes to their positions in the company. Corsair Capital Management L.P. boosted its holdings in Ramaco Resources by 11.7% during the 4th quarter. Corsair Capital Management L.P. now owns 79,573 shares of the company’s stock valued at $1,059,000 after acquiring an additional 8,328 shares during the period. Global Trust Asset Management LLC lifted its holdings in Ramaco Resources by 1,237.6% in the first 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 during the period. American Century Companies Inc. grew its holdings in shares of Ramaco Resources by 10.3% in the 2nd 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 period. Finally, Renaissance Technologies LLC increased its stake in shares of Ramaco Resources by 17.3% during the 2nd quarter. Renaissance Technologies LLC now owns 65,900 shares of the company’s stock worth $716,000 after purchasing an additional 9,696 shares in the last quarter. Hedge funds and other institutional investors own 9.63% of the company’s stock.

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.