Ramaco Resources (NASDAQ:METCB) Stock Price Up 5.1% – Still a Buy?

Shares of Ramaco Resources, Inc. (NASDAQ:METCB) traded up 5.1% during mid-day trading on Monday . The company traded as high as $9.94 and last traded at $9.88. 29,145 shares were traded during mid-day trading, an increase of 5% from the average session volume of 27,853 shares. The stock had previously closed at $9.40.

Ramaco Resources Price Performance

The firm has a fifty day simple moving average of $10.27 and a two-hundred day simple moving average of $10.61.

Ramaco Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.2364 per share. This is a positive change from Ramaco Resources’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.95 dividend on an annualized basis and a dividend yield of 9.57%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Barclays PLC grew its position in shares of Ramaco Resources by 321.3% in the 3rd quarter. Barclays PLC now owns 7,184 shares of the company’s stock worth $77,000 after buying an additional 5,479 shares during the period. JPMorgan Chase & Co. grew its holdings in Ramaco Resources by 191.9% in the third quarter. JPMorgan Chase & Co. now owns 9,284 shares of the company’s stock worth $100,000 after purchasing an additional 6,103 shares during the period. Renaissance Technologies LLC increased its stake 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 purchasing an additional 9,696 shares in the last quarter. Finally, American Century Companies Inc. lifted 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 purchasing an additional 11,997 shares during the last quarter. Institutional investors own 9.63% of the company’s stock.

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.