Ramaco Resources Soars 2.39% on Strong Q4 Earnings
1min read On March 24, 2025, Ramaco Resources' stock price surged by 2.39% in pre-market trading, indicating a strong start to the day's trading session.
Ramaco Resources recently reported robust financial performance for the fourth quarter of 2024, with Adjusted EBITDA reaching $29.2 million, marking a 24% increase from the previous quarter. This strong financial performance is likely to have contributed to the recent surge in the company's stock price.
Additionally, the company has received a significant amount of options trading activity, with investors purchasing a large volume of call options. This increased trading activity suggests that investors are optimistic about the company's future prospects and expect its stock price to rise.
Ramaco Resources also anticipates that met coal prices may increase in the second half of 2025 due to supply tightening and increased demand. This potential price increase could further boost the company's financial performance and drive its stock price higher.
