Ramaco Resources Inc’s recent filing unveils that its GENERAL COUNSEL Jenkins Evan H acquired Company’s shares for reported $99997.0 on May 29 ’24. In the deal valued at $13.97 per share,7,158 shares were bought. As a result of this transaction, Jenkins Evan H now holds 23,480 shares worth roughly $0.26 million.
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Then, Jenkins Evan H bought 1,769 shares, generating $25,000 in total proceeds. Upon buying the shares at $14.13, the GENERAL COUNSEL now owns 16,321 shares.
Before that, LAWRENCE BRYAN H sold 57,738 shares. Ramaco Resources Inc shares valued at $947,960 were divested by the Director at a price of $16.42 per share. As a result of the transaction, LAWRENCE BRYAN H now holds 3,200,363 shares, worth roughly $35.62 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 Tuesday, Ramaco Resources Inc [NASDAQ:METC] saw its stock jump 9.55% to $11.13. Over the last five days, the stock has gained 9.66%. Ramaco Resources Inc shares have fallen nearly -35.22% since the year began. Nevertheless, the stocks have fallen -8.24% over the past one year. While a 52-week high of $22.70 was reached on 01/10/24, a 52-week low of $9.03 was recorded on 09/10/24. SMA at 50 days reached $10.74, while 200 days put it at $14.06.
Levels Of Support And Resistance For METC Stock
The 24-hour chart illustrates a support level at 10.09, which if violated will result in even more drops to 9.05. On the upside, there is a resistance level at 11.66. A further resistance level may holdings at 12.19. The Relative Strength Index (RSI) on the 14-day chart is 57.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.27%. Stochastics %K at 45.99% indicates the stock is a holding.
How much short interest is there in Ramaco Resources Inc?
A steep rise in short interest was recorded in Ramaco Resources Inc stocks on 2024-10-15, dropping by -0.68 million shares to a total of 3.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.03 million shares. There was a decline of -20.15%, which implies that there is a negative sentiment for the stock.
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.
