Momentum Is Strong For Ramaco Resources Inc (NASDAQ: METC)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Coking Coal industry segment, falling under the Basic Materials sector. At the end of the last regular session, the stock closed at $14.49 and fluctuated between $14.82 as its day high and $14.18 as its day low. The current market capitalization of Ramaco Resources Inc is $769.27M. A total of 0.42 million shares were traded on the day, compared to an average of 602.70K shares.

In the most recent transaction, Jenkins Evan H bought 7,158 shares of METC for 13.97 per share on May 29 ’24. After the transaction, the GENERAL COUNSEL now owns 23,480 company shares. In a previous transaction on May 24 ’24, Jenkins Evan H bought 1,769 shares at 14.13 per share. METC shares that GENERAL COUNSEL owns now total 16,321.

Among the insiders who sold shares, LEIDEL PETER A disposed of 7,694 shares on Dec 13 ’23 at a per-share price of $12.34. This resulted in the Director holding 713,193 shares of METC after the transaction. In another insider transaction, LAWRENCE BRYAN H sold 7,694 shares at $12.34 per share on Dec 13 ’23. Company shares held by the Director now total 713,193.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Ramaco Resources Inc pays an annual dividend of $0.53, resulting in a dividend yield of 3.62%, and it has a price to earnings (P/E) ratio of 12.72. METC’s most recent ex-dividend date was 5/31/2024 when it declared a $0.1380 quarterly dividend that was paid in cash on 6/15/2024. Previously, the company paid the dividend on 3/15/2024 with an ex-dividend date of 2/29/2024. The METC stock dividend was $0.1380 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, METC has a high of $22.70 and a low of $7.65.

As of this writing, METC has an earnings estimate of $0.06 per share for the current quarter. EPS was calculated based on a consensus of 3.0 estimates, with a high estimate of $0.33 per share and a lower estimate of -$0.14. The company reported an EPS of $0.17 in the last quarter

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. METC’s latest balance sheet shows that the firm has $21.89M in Cash & Short Term Investments as of fiscal 2021. There were $51.44M in debt and $46.66M in liabilities at the time. Its Book Value Per Share was $7.01, while its Total Shareholder’s Equity was $211.07M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for METC is Buy with a score of 4.50.

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