Ramaco Resources (NASDAQ:METCB) Trading 4.6% Higher

Ramaco Resources, Inc. (NASDAQ:METCB) shares shot up 4.6% during mid-day trading on Monday . The stock traded as high as $11.43 and last traded at $11.40. 5,946 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 29,219 shares. The stock had previously closed at $10.90.

Ramaco Resources Stock Performance

The business has a 50 day moving average of $11.73 and a two-hundred day moving average of $12.67.

Ramaco Resources Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Saturday, June 1st will be paid a dividend of $0.2376 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.95 dividend on an annualized basis and a yield of 8.63%.

Institutional Trading of Ramaco Resources

Institutional investors have recently made changes to their positions in the company. Global Trust Asset Management LLC grew its position in shares of Ramaco Resources by 1,237.6% during the 1st quarter. Global Trust Asset Management LLC now owns 14,647 shares of the company’s stock valued at $184,000 after acquiring an additional 13,552 shares during the period. Pekin Hardy Strauss Inc. purchased a new stake in Ramaco Resources in the third quarter worth $611,000. Meixler Investment Management Ltd. bought a new stake in shares of Ramaco Resources in the third quarter valued at $616,000. Wedge Capital Management L L P NC lifted its position 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 buying an additional 12,320 shares during the last quarter. Finally, Corsair Capital Management L.P. raised its stake in 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 acquiring an additional 8,328 shares during the period. Institutional investors own 9.63% of the company’s stock.

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.