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

Ramaco Resources, Inc. (NASDAQ:METCB) saw unusually-strong trading volume on Monday . Approximately 12,503 shares changed 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 Stock Up 1.5 %

The firm’s 50-day moving average price is $10.53 and its two-hundred day moving average price is $10.80.

Ramaco Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.2364 per share. This represents a $0.95 annualized dividend and a yield of 9.21%. This is a boost from Ramaco Resources’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, December 2nd.

Institutional Trading of Ramaco Resources

A number of hedge funds have recently modified their holdings of METCB. American Century Companies Inc. boosted its holdings in shares of 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 purchasing an additional 11,997 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Ramaco Resources by 17.3% during 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 in the last quarter. Finally, Barclays PLC increased its stake in shares of Ramaco Resources by 321.3% in the third 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. Hedge funds and other institutional investors own 9.63% of the company’s stock.

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.