Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) Short Interest Update

Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 (NASDAQ:METCZ) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 1,105 shares, a decrease of 46.5% from the May 31st total of 2,064 shares. Based on an average daily trading volume, of 4,022 shares, the days-to-cover ratio is presently 0.3 days.

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

METCZ stock opened at $25.52 on Tuesday. Ramaco Resources, Inc. – 8.375% Senior Notes due 2029 has a 1 year low of $24.60 and a 1 year high of $26.00. The stock’s fifty day moving average price is $25.29 and its 200-day moving average price is $25.34.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be issued a $0.5234 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $2.09 dividend on an annualized basis and a yield of 8.2%.

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.