Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) Trading Up 0.1% – Time to Buy?

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ)’s share price was up 0.1% during mid-day trading on Thursday . The company traded as high as $25.29 and last traded at $25.28. Approximately 11,575 shares traded hands during trading, an increase of 102% from the average daily volume of 5,719 shares. The stock had previously closed at $25.25.

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Stock Performance

The business has a 50 day moving average price of $25.25 and a 200-day moving average price of $25.33.

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.5234 per share. The ex-dividend date is Wednesday, July 15th. This represents a $2.09 dividend on an annualized basis and a dividend yield of 8.3%.

Ramaco Resources, Inc is a U.S.-based coal producer specializing in the extraction and sale of high‐grade metallurgical and steam coal. The company’s core operations are centered in southern West Virginia, where it operates the Elk Creek mining complex and the Alma metallurgical coal complex. These underground mines produce bituminous coal primarily used in steelmaking, as well as thermal coal for power generation. Ramaco also has development projects underway, including the planned Brook Mine and the acquisition of additional reserves aimed at supporting long‐term production growth.

Founded in 2013 by industry veteran Christopher Cline, Ramaco Resources went public in 2018 to fund its expansion into the metallurgical coal market.