Ramaco Resources director Bryan Lawrence sells $5.57 million in stock

Published 25/03/2025, 03:02
Ramaco Resources director Bryan Lawrence sells $5.57 million in stock

Bryan H. Lawrence, a director at Ramaco Resources, Inc. (NASDAQ:METC), recently executed several stock transactions involving the sale of both Class A and Class B common stock. According to the latest SEC filing, Lawrence sold shares amounting to a total of approximately $5.57 million. The coal mining company, currently valued at $487 million, shows strong financial health according to InvestingPro analysis, and appears undervalued based on its Fair Value assessment.

The transactions took place over several days, with sales prices ranging from $7.9672 to $8.9254 per share. These sales were conducted through multiple transactions on March 20, 21, and 24, 2025. The shares were sold in various tranches, including significant block sales of Class A and Class B common stock. The company currently offers a notable 6.13% dividend yield to shareholders.

After these transactions, Lawrence continues to hold a substantial number of shares across different classes of stock, maintaining a significant stake in the company. These transactions were carried out through entities associated with Yorktown Energy Partners, where Lawrence holds managerial roles.

Investors may take interest in these transactions as they reflect insider activity within Ramaco Resources, a company engaged in bituminous coal and lignite mining.

In other recent news, Ramaco Resources reported robust fourth-quarter results, with adjusted earnings per share reaching $0.06, a significant turnaround from a loss of $0.03 in the previous quarter. The company also recorded a revenue of $170.9 million, marking a 2% increase sequentially. Ramaco achieved a record quarterly sales volume of over 1.1 million tons and reduced cash costs to $96 per ton, contributing to a 24% increase in adjusted EBITDA to $29.2 million. Benchmark analyst Nathan Martin adjusted the stock target for Ramaco Resources to $18, down from $20, while maintaining a Buy rating. This adjustment follows the company’s announcement of an improved cash cost per ton and operational efficiencies, including significant reductions in net trucking costs due to the new Maben preparation plant. Additionally, Ramaco is advancing its analysis of rare earth and mineral deposits at its Brook Mine, with plans for a pilot demonstration process and potential facility construction later this year. In corporate restructuring, E. Forrest Jones, Jr. will transition to General Counsel, and Evan H. Jenkins will serve as Vice-Chairman of the Board. These developments reflect Ramaco’s strategic efforts to enhance leadership and operational capabilities.

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