Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) Trading 0.3% Higher – Should You Buy?

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ)’s share price shot up 0.3% during mid-day trading on Thursday . The stock traded as high as $25.47 and last traded at $25.47. 1,791 shares traded hands during trading, a decline of 81% from the average session volume of 9,327 shares. The stock had previously closed at $25.40.

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

The firm has a 50-day simple moving average of $25.41 and a two-hundred day simple moving average of $25.43.

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, April 30th. Shareholders of record on Wednesday, April 15th will be issued a $0.5234 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $2.09 dividend on an annualized basis and a 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.