Ramaco Resources: Headwinds In Metallurgical Coal Prices Likely To Persist
METCRamaco Resources(METC) Seeking Alpha·2024-08-14 16:33
Vladimir Zapletin/iStock via Getty ImagesRamaco Resources, Inc. (NASDAQ:METC) recently published their Q2 2024 results on August 7. Despite a solid performance in Q2, including increased coal production and improved net income, Ramaco is currently facing strong headwinds due to declining metallurgical coal prices. Therefore, I remain cautious about initiating a long position right now. In this article, I will dive deep into the recent headwinds and pressures that the company is experiencing, including g ...