Ramaco Resources, Inc. – 9.00% (NASDAQ:METCL) Sees Significant Drop in Short Interest

Ramaco Resources, Inc. – 9.00% (NASDAQ:METCL) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 5,000 shares, a decrease of 23.1% from the August 15th total of 6,500 shares. Based on an average daily volume of 3,200 shares, the short-interest ratio is presently 1.6 days.

Ramaco Resources, Inc. – 9.00% Stock Performance

Shares of NASDAQ METCL opened at $25.85 on Friday. Ramaco Resources, Inc. – 9.00% has a 52-week low of $25.09 and a 52-week high of $26.21. The firm has a 50 day moving average price of $25.62 and a two-hundred day moving average price of $25.59.

Ramaco Resources, Inc. – 9.00% Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 8.70%. The ex-dividend date is Wednesday, July 15th.

Ramaco Resources, Inc. – 9.00% Company Profile

ramaco resources, inc. produces and sells metallurgical coal the company’s development portfolio includes the elk creek project consisting of approximately 20,552 acres of controlled mineral and 24 seams located in southern west virginia; the berwind coal property comprising approximately 31,200 acres of controlled mineral and an area of squire jim seam coal deposits, which is situated on the border of west virginia and virginia; the knox creek property consisting of approximately 61,343 acres of controlled mineral that is located in virginia; and the ram mine property comprising approximately 1,567 acres of controlled mineral, which is situated in southwestern pennsylvania.