Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) Sees Significant Growth in Short Interest

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 5,211 shares, a growth of 84.3% from the August 31st total of 2,827 shares. Based on an average daily trading volume, of 3,857 shares, the days-to-cover ratio is presently 1.4 days.

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

Shares of METCZ stock traded up $0.02 on Wednesday, reaching $25.17. 1,135 shares of the stock were exchanged, compared to its average volume of 5,454. The business’s 50 day moving average price is $25.38 and its 200 day moving average price is $25.32. Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 has a twelve month low of $24.83 and a twelve month high of $26.00.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be issued a $0.5234 dividend. This represents a $2.09 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend is Thursday, October 15th.

Ramaco Resources, Inc is a U.S.-based producer and developer of metallurgical coal, which is primarily used in steelmaking. The company operates and develops mining assets in the Central Appalachian region and the Powder River Basin, supplying customers in domestic and international steel markets.

Its portfolio includes the Elk Creek complex in southern West Virginia, the Berwind mining complex in southern West Virginia and southwestern Virginia, and the Brook Mine in Sheridan, Wyoming.