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Ramaco Resources stock hits 52-week low at $8.86

Published 28/02/2025, 20:38
Ramaco Resources stock hits 52-week low at $8.86
METC
-6.83%

Ramaco Resources Inc . (NASDAQ:METC) stock has tumbled to its 52-week low, trading at $8.86 USD. According to InvestingPro analysis, the stock appears undervalued despite maintaining a GREAT financial health score and offering a substantial 5.81% dividend yield. This significant downturn reflects a challenging period for the company, with the stock price now sitting at the lowest point in the past year. Investors have witnessed a stark decrease in value, as the 1-year change data reveals a precipitous drop of -48.75%. Trading at a P/E ratio of 12.28, the company maintains profitability despite market headwinds. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report, helping investors make informed decisions during this volatile period.

In other recent news, Ramaco Resources announced a quarterly cash dividend for its Class B common stock. The dividend, set at $0.1971 per share, will be payable on March 14, 2025, to shareholders recorded by February 28, 2025. This follows a previous declaration of a quarterly Class A dividend of $0.1375 per share, which will also be distributed on the same date. The Class A dividend will be paid in Class B common stock.

Ramaco Resources has been actively developing a coal mine and rare earth elements project near Sheridan, Wyoming. In 2023, the company discovered a significant deposit of primary magnetic rare earths and critical minerals at this site. Adjacent to the mine, Ramaco operates a carbon research facility focused on producing advanced carbon products from coal. Additionally, the company holds a portfolio of approximately 76 intellectual property patents, applications, licensing agreements, and trademarks related to its initiatives. Investors are advised to review Ramaco Resources’ SEC filings for detailed information on potential risks and uncertainties affecting the company’s performance.

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