Ramaco Resources (NASDAQ:METCB) Releases Quarterly Earnings Results

Ramaco Resources (NASDAQ:METCB) released its quarterly earnings data on Tuesday. The company reported ($0.32) earnings per share for the quarter, Zacks reports. Ramaco Resources had a negative net margin of 11.98% and a negative return on equity of 13.54%.

Ramaco Resources Trading Down 2.4%

Shares of METCB stock traded down $0.10 during trading hours on Tuesday, reaching $4.12. The company’s stock had a trading volume of 52,984 shares, compared to its average volume of 57,043. The company has a current ratio of 4.23, a quick ratio of 3.31 and a debt-to-equity ratio of 1.23. Ramaco Resources has a one year low of $3.57 and a one year high of $17.22. The stock has a market capitalization of $261.17 million, a P/E ratio of -3.85 and a beta of 1.37. The firm’s fifty day simple moving average is $5.07 and its 200 day simple moving average is $8.75.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Ramaco Resources from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, October 26th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Ramaco Resources Company Profile

Ramaco Resources, Inc is a coal company that develops, operates and sells metallurgical coal, a key raw material used in steelmaking. The company produces several grades of metallurgical coal for domestic and international steel and coke markets, with its activities focused primarily on mining, processing and marketing coal.

Ramaco Resources operates in the Central Appalachian region, including assets in southern West Virginia and southwestern Virginia. Its portfolio has included the Elk Creek complex and other development and production properties in the region.