Ramaco Resources Inc’s recent filing unveils that its Director LEIDEL PETER A unloaded Company’s shares for reported $94967.0 on Dec 13 ’23. In the deal valued at $12.34 per share,7,694 shares were sold. As a result of this transaction, LEIDEL PETER A now holds 713,193 shares worth roughly $11.3 million.
Then, LAWRENCE BRYAN H sold 7,694 shares, generating $94,967 in total proceeds. Upon selling the shares at $12.34, the Director now owns 713,193 shares.
Before that, Yorktown IX Associates LLC sold 2,901 shares. Ramaco Resources Inc shares valued at $35,807 were divested by the 10% Owner at a price of $12.34 per share. As a result of the transaction, Yorktown IX Associates LLC now holds 1,083,332 shares, worth roughly $17.17 million.
UBS initiated its Ramaco Resources Inc [METC] rating to a Neutral in a research note published on January 16, 2024; the price target was $21. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early June from “a Hold” to “a Buy”. BMO Capital Markets revised its rating on December 17, 2020. It rated METC as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of METC
On Monday, Ramaco Resources Inc [NASDAQ:METC] saw its stock fall -0.19% to $15.85. Over the last five days, the stock has lost -4.52%. Ramaco Resources Inc shares have fallen nearly -7.74% since the year began. Nevertheless, the stocks have risen 122.75% over the past one year. While a 52-week high of $22.70 was reached on 01/10/24, a 52-week low of $5.94 was recorded on 04/08/24. SMA at 50 days reached $17.58, while 200 days put it at $13.61. A total of 0.71 million shares were traded, compared to the trading of 0.45 million shares in the previous session.
Levels Of Support And Resistance For METC Stock
The 24-hour chart illustrates a support level at 15.42, which if violated will result in even more drops to 15.00. On the upside, there is a resistance level at 16.32. A further resistance level may holdings at 16.80. The Relative Strength Index (RSI) on the 14-day chart is 38.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.41%. Stochastics %K at 13.04% indicates the stock is a buying.
How much short interest is there in Ramaco Resources Inc?
A steep rise in short interest was recorded in Ramaco Resources Inc stocks on Mar 15, 2024, dropping by -0.26 million shares to a total of 3.6 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.86 million shares. There was a decline of -7.22%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 14.84% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.62.
The most recent change occurred on October 08, 2020 when The Benchmark Company resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $5.
