Microvast Holdings announces departure of chief financial officer
In a challenging market environment, Ramaco Resources Inc (NASDAQ:METC) stock has touched a 52-week low, dipping to $8.33. While the coal sector has faced significant headwinds, and Ramaco, a prominent player in the industry, has not been immune to these pressures, the company maintains strong fundamentals with a "GREAT" financial health score according to InvestingPro analysis. Management has shown confidence through aggressive share buybacks, and the stock offers an attractive 6.49% dividend yield. Over the past year, the company’s shares have seen a substantial decline, with a 1-year change showing a decrease of -55.9%. This downturn reflects broader market trends and investor concerns about the future of coal and energy markets. Despite the current lows, market watchers are closely monitoring Ramaco Resources for any signs of a rebound as the industry adapts to evolving energy demands. With a P/E ratio of 11.76 and revenue growth of 11.52%, InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in their comprehensive Pro Research Report covering 1,400+ US equities.
In other recent news, Ramaco Resources has announced a quarterly cash dividend for its Class B common stock. The Board of Directors declared a dividend of $0.1971 per share, which is set to be paid on March 14, 2025, to shareholders on record as of February 28, 2025. Additionally, a quarterly Class A dividend of $0.1375 per share will also be distributed on the same date, with the payment made in Class B common stock. This development follows Ramaco’s 2023 announcement of discovering a significant deposit of primary magnetic rare earths and critical minerals at its Wyoming site. Adjacent to this site, the company operates a carbon research facility focused on producing advanced carbon products from coal. Ramaco Resources has a substantial portfolio of approximately 76 intellectual property patents, applications, licensing agreements, and trademarks related to these initiatives. The company intends to provide more details in a Current Report on Form 8-K to be filed with the SEC. Investors are advised to review Ramaco’s SEC filings for a deeper understanding of potential risks and uncertainties that could affect the company’s performance.
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