Ramaco Resources (NASDAQ:METCB) Sees Unusually-High Trading Volume – What’s Next?

Ramaco Resources, Inc. (NASDAQ:METCB) shares saw unusually-high trading volume on Monday . Approximately 12,503 shares traded hands during mid-day trading, a decline of 49% from the previous session’s volume of 24,618 shares.The stock last traded at $10.10 and had previously closed at $10.12.

Ramaco Resources Trading Down 2.0 %

The company has a fifty day simple moving average of $10.55 and a two-hundred day simple moving average of $10.78.

Ramaco Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.2364 per share. This represents a $0.95 dividend on an annualized basis and a dividend yield of 9.32%. This is an increase from Ramaco Resources’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, December 2nd.

Hedge Funds Weigh In On Ramaco Resources

Hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. boosted its holdings in Ramaco Resources by 10.3% during the second quarter. American Century Companies Inc. now owns 129,040 shares of the company’s stock worth $1,401,000 after buying an additional 11,997 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Ramaco Resources by 17.3% in the 2nd quarter. Renaissance Technologies LLC now owns 65,900 shares of the company’s stock valued at $716,000 after acquiring an additional 9,696 shares during the period. Finally, Barclays PLC boosted its stake in Ramaco Resources by 321.3% during the 3rd quarter. Barclays PLC now owns 7,184 shares of the company’s stock worth $77,000 after acquiring an additional 5,479 shares during the last quarter. 9.63% of the stock is owned by institutional investors.

About Ramaco Resources

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.