Ramaco Resources (NASDAQ:METCB) Shares Up 5.1% – What’s Next?

Ramaco Resources, Inc. (NASDAQ:METCB) shares were up 5.1% during mid-day trading on Monday . The stock traded as high as $9.94 and last traded at $9.88. Approximately 29,145 shares changed hands during trading, an increase of 5% from the average daily volume of 27,853 shares. The stock had previously closed at $9.40.

Ramaco Resources Stock Performance

The business’s 50 day simple moving average is $10.29 and its two-hundred day simple moving average is $10.62.

Ramaco Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.2364 dividend. This is an increase from Ramaco Resources’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.95 dividend on an annualized basis and a dividend yield of 9.47%.

Institutional Investors Weigh In On Ramaco Resources

Several hedge funds and other institutional investors have recently modified their holdings of METCB. American Century Companies Inc. lifted 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 valued at $1,401,000 after purchasing an additional 11,997 shares in the last quarter. Renaissance Technologies LLC lifted its stake 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 buying an additional 9,696 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Ramaco Resources by 191.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,284 shares of the company’s stock worth $100,000 after buying an additional 6,103 shares during the period. Finally, Barclays PLC increased its stake in Ramaco Resources by 321.3% in the 3rd quarter. Barclays PLC now owns 7,184 shares of the company’s stock worth $77,000 after buying an additional 5,479 shares in the last quarter. 9.63% of the stock is currently owned by hedge funds and other institutional investors.

Ramaco Resources Company Profile

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.