Ramaco Resources Inc (NASDAQ:METC) CEO Michael Dale Bauersachs acquired 31,377 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were acquired at an average cost of $3.96 per share, with a total value of $124,252.92. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of METC traded up $0.02 during trading hours on Thursday, reaching $4.06. The stock had a trading volume of 2,577 shares, compared to its average volume of 118,807. The company has a quick ratio of 1.06, a current ratio of 1.60 and a debt-to-equity ratio of 0.06. Ramaco Resources Inc has a 52 week low of $3.01 and a 52 week high of $8.94. The firm has a 50-day moving average of $4.62 and a 200 day moving average of $5.54. The company has a market cap of $152.72 million, a P/E ratio of 6.56 and a beta of 1.09.
Ramaco Resources (NASDAQ:METC) last released its quarterly earnings data on Tuesday, August 13th. The energy company reported $0.26 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.26. Ramaco Resources had a net margin of 11.81% and a return on equity of 18.45%. The business had revenue of $65.76 million during the quarter, compared to analysts’ expectations of $62.03 million. As a group, equities analysts expect that Ramaco Resources Inc will post 1.09 earnings per share for the current year.
Several research firms have issued reports on METC. TheStreet downgraded Ramaco Resources from a “c” rating to a “d” rating in a report on Monday, August 5th. Jefferies Financial Group downgraded Ramaco Resources from a “buy” rating to a “hold” rating and cut their price target for the company from $8.50 to $5.00 in a research note on Tuesday, August 6th. Zacks Investment Research downgraded Ramaco Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. ValuEngine downgraded Ramaco Resources from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 18th. Finally, Credit Suisse Group lowered their price objective on shares of Ramaco Resources from $9.00 to $7.00 and set an “outperform” rating for the company in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $7.25.
Ramaco Resources Company Profile
Ramaco Resources, Inc produces and sells metallurgical coal in the United States. The company's development portfolio includes the Elk Creek project consisting of approximately 20,552 acres of controlled mineral and 24 seams located in southern West Virginia; and the Berwind coal property comprising approximately 31,200 acres of controlled mineral and an area of Squire Jim seam coal deposits, which is situated on the border of West Virginia and Virginia.
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