Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) Short Interest Update

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 11,814 shares, an increase of 969.1% from the June 15th total of 1,105 shares. Based on an average trading volume of 12,329 shares, the short-interest ratio is presently 1.0 days.

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

Shares of METCZ traded down $0.04 during trading hours on Friday, reaching $25.52. 2,217 shares of the company’s stock traded hands, compared to its average volume of 6,122. Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 has a 12 month low of $24.83 and a 12 month high of $26.00. The firm’s 50 day simple moving average is $25.37 and its 200-day simple moving average is $25.35.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be given a dividend of $0.5234 per share. The ex-dividend date is Thursday, October 15th. This represents a $2.09 annualized dividend 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.