Ramaco Resources (NASDAQ:METCB) Sees Strong Trading Volume – Time to Buy?

Ramaco Resources, Inc. (NASDAQ:METCB) saw unusually-high trading volume on Tuesday . Approximately 33,041 shares were traded during mid-day 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 Stock Performance

The stock’s 50 day moving average is $10.45 and its two-hundred day moving average is $10.69.

Ramaco Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.2364 dividend. This is a boost from Ramaco Resources’s previous quarterly dividend of $0.22. This represents a $0.95 annualized dividend and a dividend yield of 9.50%. The ex-dividend date was Monday, December 2nd.

Institutional Trading of Ramaco Resources

Several hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. boosted its holdings in Ramaco Resources by 10.3% in the 2nd quarter. American Century Companies Inc. now owns 129,040 shares of the company’s stock worth $1,401,000 after acquiring an additional 11,997 shares during the period. Renaissance Technologies LLC lifted its holdings in Ramaco Resources by 17.3% during the 2nd quarter. Renaissance Technologies LLC now owns 65,900 shares of the company’s stock worth $716,000 after buying an additional 9,696 shares during the last quarter. Finally, Barclays PLC lifted its stake 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 purchasing an additional 5,479 shares during the last quarter. 9.63% of the stock is owned by hedge funds and other institutional investors.

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.