Ramaco Post-Q2 Earnings Update
Revised Proforma & Discussion
Ramaco Resources announced Q2 2021 earnings results on Tuesday. Shares rose 18.3% in response to significant improvement to net income at $9.9 million compared to $4.1 in Q1.
Ramaco has rallied hard since bottoming out near $2 per share in May 2020, approaching old resistance levels from 2017 and 2018. Sales price realizations jumped QoQ from $88 per ton…