Ramaco Resources (NASDAQ:METCB) Hits New 1-Year Low – What’s Next?

Shares of Ramaco Resources, Inc. (NASDAQ:METCB) reached a new 52-week low during trading on Friday . The stock traded as low as $9.28 and last traded at $9.55, with a volume of 45593 shares changing hands. The stock had previously closed at $9.59.

Ramaco Resources Price Performance

The business’s fifty day simple moving average is $10.34 and its two-hundred day simple moving average is $10.65.

Ramaco Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.2364 dividend. This is a positive change from Ramaco Resources’s previous quarterly dividend of $0.22. This represents a $0.95 annualized dividend and a yield of 9.90%. The ex-dividend date of this dividend was Monday, December 2nd.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in METCB. Barclays PLC raised its position in shares of Ramaco Resources by 321.3% during the 3rd quarter. Barclays PLC now owns 7,184 shares of the company’s stock worth $77,000 after purchasing an additional 5,479 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Ramaco Resources by 191.9% during 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 in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Ramaco Resources by 17.3% during the second 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 during the last quarter. Finally, American Century Companies Inc. raised 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 valued at $1,401,000 after acquiring an additional 11,997 shares during the last quarter. 9.63% of the stock is owned by institutional investors and hedge funds.

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.