Ramaco Resources (NASDAQ:METCB) Posts Quarterly Earnings Results

Ramaco Resources (NASDAQ:METCB) announced its quarterly earnings data on Monday. The company reported $0.06 EPS for the quarter, Zacks reports.

Ramaco Resources Stock Performance

Shares of METCB traded down $0.10 during mid-day trading on Monday, reaching $8.59. The company’s stock had a trading volume of 40,272 shares, compared to its average volume of 30,264. Ramaco Resources has a 1-year low of $8.31 and a 1-year high of $12.90. The business has a 50-day simple moving average of $9.18 and a two-hundred day simple moving average of $10.00.

Ramaco Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.1971 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.79 annualized dividend and a yield of 9.18%.

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.