Shares of Ramaco Resources Inc. (NASDAQ:METC) traded at a new 52-week high today of $21.72. So far today approximately 275,000 shares have been exchanged, as compared to an average 30-day volume of 686,000 shares.
Ramaco Resources Inc. (NASDAQ:METC) is currently priced 6.6% above its average consensus analyst price target of $18.38.
Ramaco Resources Inc is a coal producing firm based in the United States. Its only revenue generating product is metallurgical coal which is used to make metallurgical coke. This is used as an input in the blast furnace steel-making process. The company’s customer base encompasses U.S.-based blast furnace steel mills and U.S.-based coke plants, as well as international metallurgical coal consumers. Ramaco’s portfolio comprises of the Elk Creek, Berwind, RAM lMine and Knox Creek projects.
In the past 52 weeks, Ramaco Resources Inc. share prices are bracketed by a low of $3.83 and a high of $21.72 and is now at $19.68, 414% above that low price.
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