Shares of Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report) saw strong trading volume on Tuesday . 33,041 shares changed hands during trading, an increase of 27% from the previous session's volume of 26,047 shares.The stock last traded at $9.91 and had previously closed at $10.32.
Ramaco Resources Trading Down 1.6 %
The company has a fifty day simple moving average of $10.48 and a 200 day simple moving average of $10.70.
Ramaco Resources Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.2364 per share. This represents a $0.95 dividend on an annualized basis and a dividend yield of 9.31%. This is a boost from Ramaco Resources's previous quarterly dividend of $0.22. The ex-dividend date was Monday, December 2nd.
Institutional Trading of Ramaco Resources
Several institutional investors and hedge funds have recently modified their holdings of METCB. American Century Companies Inc. lifted its position in shares of Ramaco Resources by 10.3% during the 2nd quarter. American Century Companies Inc. now owns 129,040 shares of the company's stock worth $1,401,000 after buying an additional 11,997 shares in the last quarter. Renaissance Technologies LLC increased its position 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 acquiring an additional 9,696 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Ramaco Resources by 321.3% during the third quarter. Barclays PLC now owns 7,184 shares of the company's stock worth $77,000 after acquiring an additional 5,479 shares during the period. 9.63% of the stock is owned by hedge funds and other institutional investors.
Ramaco Resources Company Profile
(
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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