Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) Short Interest Update

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 1,105 shares, a decrease of 46.5% from the May 31st total of 2,064 shares. Based on an average trading volume of 4,022 shares, the days-to-cover ratio is presently 0.3 days.

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

NASDAQ METCZ opened at $25.52 on Tuesday. Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 has a 12 month low of $24.60 and a 12 month high of $26.00. The company’s 50 day moving average is $25.29 and its two-hundred day moving average is $25.34.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be given a dividend of $0.5234 per share. This represents a $2.09 annualized dividend and a dividend yield of 8.2%. The ex-dividend date is Thursday, October 15th.

Ramaco Resources, Inc is a U.S.-based coal producer specializing in the extraction and sale of high‐grade metallurgical and steam coal. The company’s core operations are centered in southern West Virginia, where it operates the Elk Creek mining complex and the Alma metallurgical coal complex. These underground mines produce bituminous coal primarily used in steelmaking, as well as thermal coal for power generation. Ramaco also has development projects underway, including the planned Brook Mine and the acquisition of additional reserves aimed at supporting long‐term production growth.

Founded in 2013 by industry veteran Christopher Cline, Ramaco Resources went public in 2018 to fund its expansion into the metallurgical coal market.