Ramaco Resources (NASDAQ:METCB) Sees Strong Trading Volume – Still a Buy?

Ramaco Resources, Inc. (NASDAQ:METCB) saw an uptick in trading volume on Monday . 34,795 shares were traded during trading, a decline of 4% from the previous session’s volume of 36,233 shares.The stock last traded at $10.98 and had previously closed at $11.43.

Ramaco Resources Stock Performance

The company has a market cap of $699.71 million, a PE ratio of -9.76 and a beta of 0.98. The company has a quick ratio of 3.93, a current ratio of 4.88 and a debt-to-equity ratio of 1.06. The company has a 50-day moving average of $10.74 and a 200-day moving average of $11.63.

Ramaco Resources (NASDAQ:METCB) last announced its earnings results on Monday, May 11th. The company reported ($0.30) earnings per share (EPS) for the quarter. The company had revenue of $121.61 million for the quarter. Ramaco Resources had a negative net margin of 11.52% and a negative return on equity of 13.44%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. First Eagle Investment Management LLC purchased a new position in Ramaco Resources in the third quarter worth $5,153,000. Simcoe Capital LLC purchased a new position in Ramaco Resources in the fourth quarter worth $1,892,000. Pekin Hardy Strauss Inc. purchased a new position in Ramaco Resources in the third quarter worth $349,000. Dimensional Fund Advisors LP boosted its position in Ramaco Resources by 8.8% in the first quarter. Dimensional Fund Advisors LP now owns 66,814 shares of the company’s stock worth $681,000 after purchasing an additional 5,408 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in Ramaco Resources by 11,116.7% in the first quarter. Fifth Third Bancorp now owns 15,479 shares of the company’s stock worth $158,000 after purchasing an additional 15,341 shares during the last quarter. Hedge funds and other institutional investors own 9.63% of the company’s stock.

Ramaco Resources Company Profile

Ramaco Resources (NASDAQ:METCB) is a U.S.-based coal company focused on the exploration, development and production of metallurgical and thermal coal. The company’s operations encompass both surface and underground mining in the central Appalachian Basin, where it seeks to capitalize on the region’s high-quality, low-ash coal reserves. Ramaco’s product portfolio includes metallurgical coking coal used in steelmaking, as well as steam coal for power generation, with an emphasis on meeting the exacting specifications of industrial customers.

Founded in 2014 and headquartered in Houston, Texas, Ramaco Resources has assembled a strategic acreage position in southern West Virginia and southwestern Pennsylvania.