Ramaco Resources, Inc. (METC)

Ramaco Resources, Inc. is trading at $7.05, down 4.08% on the session. The 50 day average sits at $9.75 and the 200 day at $13.47, which puts the stock in a downtrend. RSI is at 34.4, which reads as weak, and MACD is bullish crossover. Volume is below average.

The nearest support is around $6.81 with resistance near $9.04, so that band frames the current range. Average daily movement is roughly $0.57, or about 8.1% of the share price, which is what any stop placement has to allow for. The overall health score of 26 out of 100 combines a trend score of 0, momentum of 44 and a risk score of 42.

Ramaco Resources, Inc. engages in the development, operation, and sale of metallurgical coal. The company's development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 88,850 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres located in southern West Virginia; and the Brook Mine property that covers an area of approximately 15,800 acres located in northeastern Wyoming. It serves blast furnace steel mills and coke plants in North America, as well as metallurgical coal consumers internationally. Ramaco Resources, Inc. was founded in 2015 and is based in Lexington, Kentucky.