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Stock impact report

Why Ramaco Resources Trounced the Market Today [Yahoo! Finance]

Ramaco Resources, Inc. (METC) 
Last ramaco resources, inc. earnings: 2/20 04:59 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Coal company Ramaco Resources (NASDAQ: METC) was trading more like a beloved precious metal on Tuesday. That morning, the company announced a sizable stock buyback program , and investors celebrated the news by pushing its share price up by almost 9%. That was well higher than the 0.5% increase of the benchmark S&P 500 index. Ramaco's board of directors has authorized a new repurchase initiative, under which the company can buy up to $100 million worth of its Class A common stock over the next two years. In the press release trumpeting the program, Ramaco implied that its current financial situation was sturdy enough for the move. It quoted CEO Randall Atkins as saying that " With the closing of Ramaco's previously announced plus million (before fees) in capital raises in the second half of 2025, we are well-positioned to pursue opportunities to unlock value and maximize shareholder returns. "The share repurchase program highlights our confidence in our continued operational pe Show less Read more
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