Ramaco Resources: An Overreaction As Cash Flows Remain Strong [Seeking Alpha]
Ramaco Resources, Inc. (METC)
Last ramaco resources, inc. earnings: 2/20 04:59 pm
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US:NASDAQ Investor Relations:
ramacoresources.com/contact-us/investor-relations
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Source: Seeking Alpha
Elena Bionysheva-Abramova/iStock via Getty ImagesIntroductionI havebeen keeping an eye onNASDAQ:METCMETCLI initially just purchased the 9% yielding senior notesto call of those notes continued to decrease, I sold my entire position. Meanwhile I was still writing put options on Ramaco Resources' common shares and it looks like I will end up with a long position after the most recent share price drop. I wanted to dig into the Q2 results to make sure that was the right decision and wanted to figure out if I should perhaps write more put options or cut my losses.The financial results weren't bad at all, the late shipment is just a minor nuisanceDuring the second quarter, the company produced just under 670,000 tonnes of coal but was only able to sell approximately 578,000 tonnes of coal. This means Q2 was the second quarter wherein Ramaco sold less coal than it produced. In the first half of the year, Ramaco produced 1.33 million tonnes of coal but only sold 1.17 million tonnes. The remai
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METC
News
- Returns At Ramaco Resources (NASDAQ:METC) Are On The Way Up [Yahoo! Finance]Yahoo! Finance
- Ramaco Resources, Inc. (NASDAQ: METC) had its price target lowered by analysts at B. Riley from $25.00 to $24.00. They now have a "buy" rating on the stock.MarketBeat
- Those who invested in Ramaco Resources (NASDAQ:METC) three years ago are up 375% [Yahoo! Finance]Yahoo! Finance
- Ramaco Resources, Inc. (NASDAQ:METC) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap? [Yahoo! Finance]Yahoo! Finance
- Ramaco Resources: The Latest Report Still Does Not Impress [Seeking Alpha]Seeking Alpha
METC
Earnings
- 3/7/24 - Miss
METC
Sec Filings
- 4/29/24 - Form ARS
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form DEF
- METC's page on the SEC website