Ramaco Resources (NASDAQ:METCB) Shares Up 8% – What’s Next?

Ramaco Resources, Inc. (NASDAQ:METCB) shares rose 8% on Tuesday . The company traded as high as $12.15 and last traded at $12.14. Approximately 45,576 shares changed hands during trading, a decline of 58% from the average daily volume of 109,442 shares. The stock had previously closed at $11.24.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Ramaco Resources in a research report on Monday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Ramaco Resources currently has a consensus rating of “Sell”.

Ramaco Resources Trading Up 5.4%

The stock has a market cap of $830.94 million, a PE ratio of -18.51 and a beta of 0.94. The company’s fifty day moving average is $14.69 and its 200-day moving average is $13.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.97 and a quick ratio of 2.24.

Ramaco Resources (NASDAQ:METCB) last posted its quarterly earnings results on Monday, October 27th. The company reported ($0.25) EPS for the quarter. The business had revenue of $121.00 million during the quarter. Ramaco Resources had a negative net margin of 5.67% and a negative return on equity of 7.52%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of METCB. MCF Advisors LLC acquired a new stake in shares of Ramaco Resources during the 3rd quarter worth approximately $27,000. Bank of America Corp DE boosted its holdings in Ramaco Resources by 574.4% during the third quarter. Bank of America Corp DE now owns 3,190 shares of the company’s stock worth $54,000 after buying an additional 2,717 shares in the last quarter. Russell Investments Group Ltd. grew its position in Ramaco Resources by 1,403.7% during the first quarter. Russell Investments Group Ltd. now owns 9,052 shares of the company’s stock valued at $64,000 after buying an additional 8,450 shares during the period. Nuveen LLC acquired a new stake in Ramaco Resources during the first quarter valued at $79,000. Finally, XTX Topco Ltd purchased a new position in Ramaco Resources in the first quarter valued at $97,000. 9.63% of the stock is owned by institutional investors and hedge funds.

About Ramaco Resources

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.