Ramaco Resources (NASDAQ:METCB) Trading Up 8.9% – Time to Buy?

by · The Cerbat Gem

Ramaco Resources, Inc. (NASDAQ:METCB – Get Free Report) traded up 8.9% during trading on Wednesday . The company traded as high as $12.92 and last traded at $13.5290. 9,193 shares traded hands during trading, a decline of 71% from the average session volume of 32,039 shares. The stock had previously closed at $12.42.

Wall Street Analyst Weigh In

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

Read Our Latest Research Report on METCB

Ramaco Resources Trading Up 9.4%

The firm’s 50-day moving average price is $12.50 and its 200-day moving average price is $13.96. The company has a market cap of $896.94 million, a P/E ratio of -19.98 and a beta of 0.97. The company has a quick ratio of 2.24, a current ratio of 2.97 and a debt-to-equity ratio of 0.24.

Ramaco Resources (NASDAQ:METCB – Get Free Report) last issued its earnings results on Monday, October 27th. The company reported ($0.25) earnings per share (EPS) for the quarter. Ramaco Resources had a negative net margin of 5.67% and a negative return on equity of 7.52%. The business had revenue of $121.00 million for the quarter.

Hedge Funds Weigh In On Ramaco Resources

A number of large investors have recently modified their holdings of the company. First Eagle Investment Management LLC bought a new position in Ramaco Resources in the 3rd quarter valued at $5,153,000. Yorktown Energy Partners XI L.P. grew its position in Ramaco Resources by 20.6% during the second quarter. Yorktown Energy Partners XI L.P. now owns 1,220,133 shares of the company’s stock worth $9,981,000 after buying an additional 208,397 shares in the last quarter. Yorktown Energy Partners IX L.P. increased its stake 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 acquiring an additional 188,278 shares during the last quarter. Yorktown Energy Partners X L.P. increased its stake 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 acquiring an additional 137,742 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Ramaco Resources by 40.0% during the 3rd quarter. Vanguard Group Inc. now owns 327,496 shares of the company’s stock valued at $5,518,000 after acquiring an additional 93,635 shares during the last quarter. 9.63% of the stock is currently owned by institutional investors.

About Ramaco Resources

(Get Free Report)

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.

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