Ramaco Resources (NASDAQ:METCB) Trading Up 9.6% – What’s Next?

Shares of Ramaco Resources, Inc. (NASDAQ:METCB) were up 9.6% on Friday . The stock traded as high as $12.50 and last traded at $12.21. Approximately 34,850 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 36,073 shares. The stock had previously closed at $11.14.

Ramaco Resources Stock Performance

The company has a 50-day simple moving average of $10.74 and a two-hundred day simple moving average of $11.63. The company has a quick ratio of 3.93, a current ratio of 4.88 and a debt-to-equity ratio of 1.06. The firm has a market cap of $745.01 million, a PE ratio of -10.39 and a beta of 0.98.

Ramaco Resources (NASDAQ:METCB) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.30) earnings per share for the quarter. Ramaco Resources had a negative return on equity of 13.44% and a negative net margin of 11.52%.The business had revenue of $121.61 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in METCB. Bank of America Corp DE lifted its position in shares of Ramaco Resources by 574.4% during the 3rd quarter. Bank of America Corp DE now owns 3,190 shares of the company’s stock valued at $54,000 after buying an additional 2,717 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Ramaco Resources during the 4th quarter valued at $129,000. Lunt Capital Management Inc. purchased a new position in shares of Ramaco Resources during the 4th quarter valued at $148,000. Fifth Third Bancorp lifted its position in shares of Ramaco Resources by 11,116.7% during the 1st quarter. Fifth Third Bancorp now owns 15,479 shares of the company’s stock valued at $158,000 after buying an additional 15,341 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new position in shares of Ramaco Resources during the 3rd quarter valued at $177,000. Hedge funds and other 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.