METC Stock Summary and Trading Ideas (Ramaco Resources - Class A | NASDAQ:METC)

Ramaco Resources Inc is a United States-based company that operates as a pure-play metallurgical coal company with operations in southern West Virginia and southwestern Virginia. Its portfolio includes high-quality metallurgical coal reserves and resources, with a focus on properties such as Elk Creek, Berwind, Knox Creek, and Maben. These properties are strategically located to serve North American blast furnace steel mill and coke plants, as well as international metallurgical coal consumers. Additionally, the company controls mineral deposits in Sheridan, Wyoming, exploring potential opportunities in rare earth elements and coal-to-carbon-based products. Operations are concentrated in the Appalachian basin, with active mines at Elk Creek, Berwind, Knox Creek, and Maben mining complexes.

Ramaco Resources - Class A trades on the NASDAQ stock market under the symbol METC.

As of April 17, 2024, METC stock price climbed to $16.34 with 547,294 million shares trading.

METC has a beta of -0.79, meaning it tends to be less sensitive to market movements. METC has a correlation of 0.02 to the broad based SPY ETF.

METC has a market cap of $867.48 million. This is considered a Small Cap stock.

Last quarter Ramaco Resources - Class A reported $203 million in Revenue and $.60 earnings per share. This beat revenue expectation by $16 million and missed earnings estimates by -$.09.

In the last 3 years, METC stock traded as high as $22.70 and as low as $3.83.

The top ETF exchange traded funds that METC belongs to (by Net Assets): XME, VTI, VXF, AVUV, IWM.

METC has outperformed the market in the last year with a price return of +92.8% while the SPY ETF gained +23.0%. However, in the short term, METC had mixed performance relative to the market. It has underperformed in the last 3 months, returning -9.1% vs +5.7% return in SPY. But in the last 2 weeks, METC shares have fared better than the market returning -0.2% compared to SPY -3.5%.

METC support price is $15.73 and resistance is $16.62 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that METC stock will trade within this expected range on the day.