Ramaco Resources (NASDAQ:METCB) Issues Quarterly Earnings Results

Ramaco Resources (NASDAQ:METCB) posted its earnings results on Tuesday. The company reported ($0.32) earnings per share for the quarter, Zacks reports. Ramaco Resources had a negative net margin of 11.98% and a negative return on equity of 13.54%.

Ramaco Resources Price Performance

METCB traded down $0.10 during trading on Tuesday, reaching $4.12. The stock had a trading volume of 52,984 shares, compared to its average volume of 57,043. The business has a 50-day moving average of $5.07 and a 200-day moving average of $8.75. Ramaco Resources has a one year low of $3.57 and a one year high of $17.22. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.31 and a current ratio of 4.23. The stock has a market cap of $261.17 million, a PE ratio of -3.85 and a beta of 1.37.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Ramaco Resources from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, October 26th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has an average rating of “Sell”.

About Ramaco Resources

Ramaco Resources, Inc is a coal company that develops, operates and sells metallurgical coal, a key raw material used in steelmaking. The company produces several grades of metallurgical coal for domestic and international steel and coke markets, with its activities focused primarily on mining, processing and marketing coal.

Ramaco Resources operates in the Central Appalachian region, including assets in southern West Virginia and southwestern Virginia. Its portfolio has included the Elk Creek complex and other development and production properties in the region.