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Ramaco Resources, Inc. (METC) produces and sells metallurgical coal. 
The company's development portfolio includes the Elk Creek project consisting of approximately 20,200 acres of controlled mineral and 16 seams located in southern West Virginia; the Berwind property comprising approximately 41,300 acres of controlled mineral and an area of Squire Jim seam coal deposits, which is situated on the border of West Virginia and Virginia; the Knox Creek property consisting of approximately 62,100 acres of controlled mineral that is located in Virginia; and the RAM Mine property comprising approximately 1,570 acres of controlled mineral, which is situated in southwestern Pennsylvania.
The company serves blast furnace steel mills and coke plants in the United States, as well as international metallurgical coal consumers. On May 11th, Ramaco Resources reported 1st Quarter March 2022 earnings of $0.92 per share on revenue of $154.9 million. The consensus earnings estimate was $1.41 per share on revenue of $166.4 million. Revenue grew 256.4% on a year-over-year basis.
Shares are heading higher in an upward trading channel. The just rebounded from their 200-day moving average.
Entry Point: $14.50
Trading Range: $5.29 to $21.73
Stop Loss: $13.75
Target Price: $15.95
