Bullish option flow detected in Ramaco Resources with 4,769 calls trading, 2x expected, and implied vol increasing over 6 points to 82.15%. Dec-23 19 calls and Jan-24 20 calls are the most active options, with total volume in those strikes near 4,300 contracts. The Put/Call Ratio is 0.06. Earnings are expected on March 7th.
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Read More on METC:
- Ramaco Resources sees 2024 production 3.9-4.4 million tons
- Ramaco Resources increases cash dividend 10% to 13.75c per share
- Ramaco Resources, Inc. Announces Increase to its First-Quarter 2024 Class A Dividend, Initial 2024 Guidance, and Rare Earth Element Update
- Largest borrow rate increases among liquid names
- Ramaco coal mine, bought for $2M, could be worth $37B, WSJ says
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