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

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

Ramaco Resources Stock Up 7.4%

The company has a debt-to-equity ratio of 1.06, a current ratio of 4.88 and a quick ratio of 3.93. The company has a market cap of $779.55 million, a price-to-earnings ratio of -10.87 and a beta of 0.98. The firm’s 50 day simple moving average is $10.71 and its 200-day simple moving average is $11.63.

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

Institutional Trading of Ramaco Resources

Several institutional investors and hedge funds have recently bought and sold shares of METCB. First Eagle Investment Management LLC purchased a new stake in Ramaco Resources in the 3rd quarter valued at $5,153,000. Yorktown Energy Partners XI L.P. raised its position in Ramaco Resources by 20.6% in the 2nd quarter. Yorktown Energy Partners XI L.P. now owns 1,220,133 shares of the company’s stock valued at $9,981,000 after purchasing an additional 208,397 shares during the last quarter. Yorktown Energy Partners IX L.P. raised its position in Ramaco Resources by 18.5% in the 2nd quarter. Yorktown Energy Partners IX L.P. now owns 1,204,053 shares of the company’s stock valued at $9,849,000 after purchasing an additional 188,278 shares during the last quarter. Simcoe Capital LLC purchased a new stake in Ramaco Resources in the 4th quarter valued at $1,892,000. Finally, Yorktown Energy Partners X L.P. raised its position in Ramaco Resources by 20.6% in the 2nd quarter. Yorktown Energy Partners X L.P. now owns 806,465 shares of the company’s stock valued at $6,597,000 after purchasing an additional 137,742 shares during the last quarter. Hedge funds and other institutional investors own 9.63% of the company’s stock.

About Ramaco Resources

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.