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Ramaco Resources, Inc. Sees Modest Stock Price Increase after Dividend Announcement


 September 4, 2023 - Ramaco Resources, Inc. (NASDAQ:METCB) experienced a modest 4% increase in its stock price during mid-day trading on September 3, 2023. This positive movement came shortly after the company made an announcement regarding its dividend distribution. The stock reached a high of $11.38 and concluded the trading session at $11.27. However, it is important to note that there was a significant decrease in trading volume, with only 442 shares exchanged compared to the average daily volume of 75,010 shares. The stock had closed at $10.84 previously.

The recent announcement by Ramaco Resources stated that the dividend would be paid on Friday, September 15th, benefiting stockholders who were listed as of Friday, September 1st. The declared dividend per share amounts to $0.1654. Investors should be aware that Thursday, August 31st marked the ex-dividend date.

It is worth mentioning that the business’s 50-day moving average stands at $12.30. This indicator provides investors with insight into the stock’s overall performance over a specific period.