Ramaco Resources, Inc. (NASDAQ:METCB) Increases Dividend to $0.24 Per Share

Ramaco Resources, Inc. (NASDAQ:METCB) announced a quarterly dividend on Thursday, November 21st,Wall Street Journal reports. Stockholders of record on Monday, December 2nd will be given a dividend of 0.2364 per share on Monday, December 16th. This represents a $0.95 annualized dividend and a dividend yield of 9.55%. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from Ramaco Resources’s previous quarterly dividend of $0.22.

Ramaco Resources Stock Down 3.6 %

METCB stock traded down $0.37 during midday trading on Thursday, hitting $9.90. The company’s stock had a trading volume of 108,102 shares, compared to its average volume of 24,530. Ramaco Resources has a 1 year low of $9.42 and a 1 year high of $16.77. The stock’s 50-day moving average price is $10.54 and its 200 day moving average price is $10.83.

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.