Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ – Get Free Report) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 56 shares, an increase of 93.1% from the November 30th total of 29 shares. Based on an average trading volume of 4,960 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 4,960 shares, the days-to-cover ratio is presently 0.0 days.
Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Price Performance
Shares of METCZ traded up $0.05 during mid-day trading on Friday, hitting $25.46. The company had a trading volume of 1,641 shares, compared to its average volume of 8,477. Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 has a 1-year low of $23.18 and a 1-year high of $26.00. The business’s 50-day simple moving average is $25.40 and its 200-day simple moving average is $25.29.
Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th were issued a $0.5234 dividend. This represents a $2.09 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date was Wednesday, October 15th.
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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