Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) Short Interest Up 67.2% in August

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 5,451 shares, an increase of 67.2% from the July 30th total of 3,261 shares. Based on an average daily volume of 2,296 shares, the days-to-cover ratio is currently 2.4 days.

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Stock Up 0.0%

METCZ stock opened at $25.47 on Wednesday. Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 has a 1 year low of $24.83 and a 1 year high of $26.00. The company has a fifty day simple moving average of $25.38 and a 200 day simple moving average of $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 Friday, October 30th. Shareholders of record on Thursday, October 15th will be given a $0.5234 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $2.09 dividend on an annualized basis and a dividend yield of 8.2%.

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.