Ramaco Resources, Inc. (NASDAQ:METCB) to Issue Quarterly Dividend of $0.20

Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report) declared a quarterly dividend on Tuesday, February 18th, Wall Street Journal reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.1971 per share on Friday, March 14th. This represents a $0.79 annualized dividend and a dividend yield of 8.84%. The ex-dividend date is Friday, February 28th.

Ramaco Resources Price Performance

Shares of METCB traded down $0.41 during mid-day trading on Friday, hitting $8.92. The stock had a trading volume of 70,472 shares, compared to its average volume of 21,642. The company's fifty day simple moving average is $9.37 and its two-hundred day simple moving average is $10.15. Ramaco Resources has a fifty-two week low of $8.68 and a fifty-two week high of $12.98.

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.