Ramaco Resources (NASDAQ:METCB) Sees Unusually-High Trading Volume

Ramaco Resources, Inc. (NASDAQ:METCB) saw strong trading volume on Thursday . 69,302 shares traded hands during mid-day trading, an increase of 137% from the previous session’s volume of 29,201 shares.The stock last traded at $11.40 and had previously closed at $12.49.

Ramaco Resources Trading Down 6.6 %

The business’s 50-day moving average price is $11.92 and its 200 day moving average price is $12.76.

Ramaco Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.2416 per share. This represents a $0.97 annualized dividend and a yield of 8.29%. The ex-dividend date was Thursday, February 29th.

Institutional Investors Weigh In On Ramaco Resources

Hedge funds have recently bought and sold shares of the stock. Acuitas Investments LLC grew its position in Ramaco Resources by 4.0% during the fourth quarter. Acuitas Investments LLC now owns 186,097 shares of the company’s stock valued at $2,477,000 after acquiring an additional 7,204 shares during the last quarter. Corsair Capital Management L.P. boosted its stake in shares of Ramaco Resources by 11.7% in the 4th quarter. Corsair Capital Management L.P. now owns 79,573 shares of the company’s stock valued at $1,059,000 after purchasing an additional 8,328 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Ramaco Resources by 25.1% during the 4th quarter. Wedge Capital Management L L P NC now owns 61,322 shares of the company’s stock valued at $816,000 after purchasing an additional 12,320 shares during the last quarter. Global Trust Asset Management LLC lifted its stake in Ramaco Resources by 1,237.6% in the first quarter. Global Trust Asset Management LLC now owns 14,647 shares of the company’s stock worth $184,000 after purchasing an additional 13,552 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. bought a new position in shares of Ramaco Resources during the third quarter valued at about $611,000. 9.63% of the stock is currently owned by institutional investors.

About Ramaco Resources

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.