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Ramaco Resources ( (METC) ) just unveiled an announcement.
Ramaco Resources, Inc. completed an offering of $57.5 million in aggregate principal amount of 8.375% Senior Notes due 2029, including the exercise of an over-allotment option. The proceeds from this offering will be used for general corporate purposes, including funding future investments and capital expenditures. The Notes, which are rated ‘BBB’ by Egan-Jones Ratings Company, bear interest payable quarterly and are listed on the Nasdaq Global Select Market under the symbol ‘METCZ’.
More about Ramaco Resources
Ramaco Resources, Inc. is an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, and a developing producer of rare earth and critical minerals in Wyoming. The company has executive offices in Lexington, Kentucky, and operational offices in Charleston, West Virginia, and Sheridan, Wyoming. Ramaco Resources operates four active metallurgical coal mining complexes in Central Appalachia and a developing rare earth and coal mine near Sheridan, Wyoming.
YTD Price Performance: -22.77%
Average Trading Volume: 526,321
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $653M
Find detailed analytics on METC stock on TipRanks’ Stock Analysis page.
