Ramaco Resources (NASDAQ:METCB) Trading 4.4% Higher – Here’s What Happened

Ramaco Resources, Inc. (NASDAQ:METCB) shot up 4.4% on Monday . The company traded as high as $11.39 and last traded at $11.3630. 13,784 shares traded hands during trading, a decline of 87% from the average session volume of 108,982 shares. The stock had previously closed at $10.88.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Ramaco Resources in a research report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Ramaco Resources Stock Up 10.5%

The stock has a market cap of $793.39 million, a PE ratio of -17.74 and a beta of 0.95. The business has a 50 day moving average of $13.01 and a 200-day moving average of $13.54. The company has a current ratio of 2.97, a quick ratio of 2.24 and a debt-to-equity ratio of 0.24.

Ramaco Resources (NASDAQ:METCB) last posted its quarterly earnings results on Monday, October 27th. The company reported ($0.25) earnings per share (EPS) for the quarter. Ramaco Resources had a negative net margin of 5.67% and a negative return on equity of 7.52%. The firm had revenue of $121.00 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Acuitas Investments LLC lifted its position in shares of Ramaco Resources by 20.4% in the second quarter. Acuitas Investments LLC now owns 180,458 shares of the company’s stock valued at $1,476,000 after buying an additional 30,558 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Ramaco Resources during the 2nd quarter worth approximately $153,000. American Century Companies Inc. lifted its position in shares of Ramaco Resources by 12.6% during the 1st quarter. American Century Companies Inc. now owns 196,657 shares of the company’s stock valued at $1,398,000 after acquiring an additional 21,956 shares during the period. Wellington Management Group LLP raised its holdings in Ramaco Resources by 145.3% during the first quarter. Wellington Management Group LLP now owns 36,176 shares of the company’s stock worth $257,000 after buying an additional 21,430 shares during the last quarter. Finally, Encompass Capital Advisors LLC purchased a new stake in shares of Ramaco Resources in the first quarter valued at about $166,000. Institutional investors own 9.63% of the company’s stock.

Ramaco Resources Company Profile

Ramaco Resources (NASDAQ:METCB) is a U.S.-based coal company focused on the exploration, development and production of metallurgical and thermal coal. The company’s operations encompass both surface and underground mining in the central Appalachian Basin, where it seeks to capitalize on the region’s high-quality, low-ash coal reserves. Ramaco’s product portfolio includes metallurgical coking coal used in steelmaking, as well as steam coal for power generation, with an emphasis on meeting the exacting specifications of industrial customers.

Founded in 2014 and headquartered in Houston, Texas, Ramaco Resources has assembled a strategic acreage position in southern West Virginia and southwestern Pennsylvania.