Ramaco Resources (NASDAQ:METCB) Trading Up 9.6% – Time to Buy?

Ramaco Resources, Inc. (NASDAQ:METCB) shares shot up 9.6% on Friday . The company traded as high as $12.50 and last traded at $12.21. 34,850 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 36,073 shares. The stock had previously closed at $11.14.

Ramaco Resources Price Performance

The stock has a fifty day simple moving average of $10.71 and a two-hundred day simple moving average of $11.63. The company has a market cap of $779.55 million, a PE ratio of -10.87 and a beta of 0.98. The company has a current ratio of 4.88, a quick ratio of 3.93 and a debt-to-equity ratio of 1.06.

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

Institutional Trading of Ramaco Resources

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. J. Derek Lewis & Associates Inc. lifted its stake in shares of Ramaco Resources by 46.0% in the first quarter. J. Derek Lewis & Associates Inc. now owns 33,990 shares of the company’s stock valued at $347,000 after purchasing an additional 10,703 shares during the period. South Dakota Investment Council lifted its stake in shares of Ramaco Resources by 1.4% in the first quarter. South Dakota Investment Council now owns 87,933 shares of the company’s stock valued at $897,000 after purchasing an additional 1,237 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Ramaco Resources by 8.8% in the first quarter. Dimensional Fund Advisors LP now owns 66,814 shares of the company’s stock valued at $681,000 after purchasing an additional 5,408 shares during the period. Fifth Third Bancorp lifted its stake in shares of Ramaco Resources by 11,116.7% in the first quarter. Fifth Third Bancorp now owns 15,479 shares of the company’s stock valued at $158,000 after purchasing an additional 15,341 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Ramaco Resources in the fourth quarter valued at about $129,000. Institutional investors and hedge funds 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.