Oil prices rebound sharply on smaller-than-feared OPEC+ output hike
Ramaco Resources Inc (METC) has reached a significant milestone, with its stock hitting an all-time high of 36.32 USD. The company, currently valued at $2.37 billion, is trading at notably high multiples with an EV/EBITDA of 45.5x. According to InvestingPro analysis, the stock appears to be trading above its Fair Value. This achievement underscores the company’s robust performance over the past year, during which its stock has surged by an impressive 205.38%. The remarkable increase in value highlights investor confidence and the company’s strong market position, though technical indicators suggest the stock is in overbought territory. This all-time high reflects not only positive market trends but also the strategic initiatives undertaken by Ramaco Resources to enhance its operational efficiency and growth prospects. For deeper insights into METC’s valuation and 15+ additional ProTips, explore InvestingPro’s comprehensive analysis and research reports.
In other recent news, Ramaco Resources has closed a $200 million public offering of Class A common stock. The company sold over 10 million shares at a price of $18.75 each, and selling stockholders Yorktown Energy Partners granted underwriters an option to purchase additional shares, which was fully exercised. Additionally, Lucid Capital Markets initiated coverage on Ramaco Resources with a Buy rating, citing its strong position in metallurgical coal mining and potential for increased production. Benchmark has also reiterated its Buy rating on the company, maintaining a positive outlook after discussions with Ramaco’s senior management.
In governance updates, Ramaco Resources has appointed Mike Graney as an independent member of its Board of Directors, effective September 2025. Graney brings experience from his role as Executive Director of the West Virginia Department of Economic Development. Furthermore, Jessica Graney has been appointed to the Ramaco Foundation Board of Directors, coinciding with the company’s additional $500,000 contribution to the Foundation. These developments reflect Ramaco’s strategic moves in both financial and leadership domains.
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