Ramaco Resources (NASDAQ:METCB) Shares Gap Up – What’s Next?

Ramaco Resources, Inc. (NASDAQ:METCB) shares gapped up before the market opened on Wednesday . The stock had previously closed at $10.20, but opened at $10.88. Ramaco Resources shares last traded at $10.5660, with a volume of 9,238 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Ramaco Resources in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Ramaco Resources currently has an average rating of “Sell”.

Ramaco Resources Price Performance

The stock has a 50 day moving average of $12.64 and a two-hundred day moving average of $13.76. The company has a debt-to-equity ratio of 0.95, a quick ratio of 4.66 and a current ratio of 5.46. The firm has a market capitalization of $767.58 million, a P/E ratio of -11.63 and a beta of 1.03.

Ramaco Resources (NASDAQ:METCB) last announced its earnings results on Wednesday, February 25th. The company reported ($0.26) earnings per share (EPS) for the quarter. Ramaco Resources had a negative return on equity of 11.36% and a negative net margin of 9.59%.The company had revenue of $128.01 million for the quarter.

Institutional Trading of Ramaco Resources

Large investors have recently modified their holdings of the company. American Century Companies Inc. increased its stake in shares of Ramaco Resources by 12.7% in the second quarter. American Century Companies Inc. now owns 221,581 shares of the company’s stock worth $1,813,000 after purchasing an additional 24,924 shares during the period. XTX Topco Ltd boosted its stake in Ramaco Resources by 49.2% during the 2nd quarter. XTX Topco Ltd now owns 20,398 shares of the company’s stock valued at $167,000 after purchasing an additional 6,727 shares during the period. Jane Street Group LLC acquired a new stake in Ramaco Resources in the 2nd quarter valued at approximately $187,000. Yorktown Energy Partners X L.P. increased its position in Ramaco Resources by 20.6% in the 2nd quarter. Yorktown Energy Partners X L.P. now owns 806,465 shares of the company’s stock worth $6,597,000 after buying an additional 137,742 shares during the period. Finally, Yorktown Energy Partners IX L.P. increased its position in Ramaco Resources by 18.5% in the 2nd quarter. Yorktown Energy Partners IX L.P. now owns 1,204,053 shares of the company’s stock worth $9,849,000 after buying an additional 188,278 shares during the period. 9.63% of the stock is owned by institutional investors.

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.