Ramaco Resources (NASDAQ:METCB) Posts Quarterly Earnings Results

Ramaco Resources (NASDAQ:METCB) released its quarterly earnings results on Tuesday. The company reported ($0.32) EPS for the quarter, Zacks reports. Ramaco Resources had a negative return on equity of 13.54% and a negative net margin of 11.98%. The firm had revenue of $150.09 million for the quarter.

Ramaco Resources Stock Down 2.8%

Shares of NASDAQ METCB opened at $4.00 on Wednesday. Ramaco Resources has a 12-month low of $3.57 and a 12-month high of $17.22. The stock has a market cap of $253.81 million, a PE ratio of -3.74 and a beta of 1.39. The company has a current ratio of 4.23, a quick ratio of 3.31 and a debt-to-equity ratio of 1.23. The company has a 50-day moving average of $5.03 and a 200 day moving average of $8.70.

Ramaco Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be given a dividend of $0.0742 per share. The ex-dividend date is Friday, December 4th. This represents a $0.30 dividend on an annualized basis and a yield of 7.4%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Ramaco Resources from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, October 26th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has a consensus 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.