Ramaco Resources (NASDAQ:METCB - Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.06 earnings per share for the quarter, Zacks reports. The company had revenue of $170.89 million for the quarter.
Ramaco Resources Price Performance
METCB traded down $0.08 during trading hours on Friday, reaching $8.65. 41,248 shares of the company's stock traded hands, compared to its average volume of 32,185. The firm has a 50-day moving average price of $9.10 and a 200 day moving average price of $9.95. Ramaco Resources has a 52-week low of $8.31 and a 52-week high of $12.75.
Ramaco Resources Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.1971 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.79 annualized dividend and a dividend yield of 9.12%.
About Ramaco Resources
(
Get Free Report)
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.
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