Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) Trading Down 0.1% – Here’s Why

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ)’s share price traded down 0.1% during trading on Wednesday . The company traded as low as $25.26 and last traded at $25.31. 1,196 shares were traded during mid-day trading, a decline of 80% from the average session volume of 6,091 shares. The stock had previously closed at $25.33.

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Stock Down 0.0%

The business’s fifty day simple moving average is $25.23 and its 200 day simple moving average is $25.35.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Wednesday, July 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 Wednesday, July 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.