NasdaqGS:METCMetals and Mining
Ramaco Resources (METC) Stock Sinks As Coal Losses Deepen Doubts
Ramaco Resources stock came into today already on the back foot after a 30 day slide of about 24%, and the earnings release did little to cheer traders. The share price dropped another 4.2% to US$9.24 as the market focused on another quarterly loss and continued to treat the stock as a high risk story.
The headline is simple. Ramaco Resources is still losing money on its coal business, with Q2 basic earnings per share in the red and net income showing a double digit million loss, even as...