Ramaco Resources (NASDAQ:METCB) Sees Large Volume Increase

Shares of Ramaco Resources, Inc. (NASDAQ:METCB) saw unusually-high trading volume on Thursday . Approximately 69,302 shares traded hands during mid-day trading, an increase of 137% from the previous session’s volume of 29,201 shares.The stock last traded at $11.40 and had previously closed at $12.49.

Ramaco Resources Trading Down 6.6 %

The business’s 50-day simple moving average is $11.92 and its 200-day simple moving average is $12.76.

Ramaco Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.2416 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.97 dividend on an annualized basis and a yield of 8.29%.

Institutional Investors Weigh In On Ramaco Resources

Large investors have recently bought and sold shares of the company. Global Trust Asset Management LLC boosted its holdings in shares of Ramaco Resources by 1,237.6% in the first quarter. Global Trust Asset Management LLC now owns 14,647 shares of the company’s stock valued at $184,000 after buying an additional 13,552 shares during the period. Pekin Hardy Strauss Inc. bought a new position in Ramaco Resources during the 3rd quarter worth about $611,000. Meixler Investment Management Ltd. bought a new stake in shares of Ramaco Resources in the third quarter valued at about $616,000. Wedge Capital Management L L P NC boosted its position in shares of Ramaco Resources by 25.1% during the fourth quarter. Wedge Capital Management L L P NC now owns 61,322 shares of the company’s stock worth $816,000 after buying an additional 12,320 shares during the period. Finally, Corsair Capital Management L.P. grew its holdings in shares of Ramaco Resources by 11.7% during the fourth quarter. Corsair Capital Management L.P. now owns 79,573 shares of the company’s stock worth $1,059,000 after buying an additional 8,328 shares in the last quarter. Institutional investors own 9.63% of the company’s stock.

Ramaco Resources Company Profile

Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.