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

Ramaco Resources, Inc. – 9.00% (NASDAQ:METCL) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 4,300 shares, an increase of 72.0% from the October 15th total of 2,500 shares. Based on an average trading volume of 1,600 shares, the days-to-cover ratio is presently 2.7 days.

Ramaco Resources, Inc. – 9.00% Stock Performance

Shares of NASDAQ:METCL traded down $0.12 during trading on Wednesday, reaching $25.74. 468 shares of the company traded hands, compared to its average volume of 3,161. The company’s 50 day moving average is $25.87 and its two-hundred day moving average is $25.68. Ramaco Resources, Inc. – 9.00% has a 52 week low of $25.09 and a 52 week high of $26.22.

Ramaco Resources, Inc. – 9.00% Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were given a dividend of $0.5625 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 8.74%.

About Ramaco Resources, Inc. – 9.00%

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.