Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) Stock Price Up 0.1% – Should You Buy?

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ)’s share price shot up 0.1% on Thursday . The stock traded as high as $25.29 and last traded at $25.28. 11,575 shares traded hands during trading, an increase of 102% from the average session volume of 5,719 shares. The stock had previously closed at $25.25.

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Stock Performance

The company’s 50 day moving average price is $25.25 and its two-hundred day moving average price is $25.33.

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.5234 per share. This represents a $2.09 annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend is Wednesday, July 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.