Ramaco Resources, Inc. (NASDAQ:METC) headquartered in Lexington, will host a conference call for the investment community to discuss the 2Q20 earnings result on 7th August 2020 at 11:00 AM Eastern Time.
The company announced the financial results for the quarter on Thursday 6th August 2020
Those interested in listening to the conference call live via the Internet can visit www.ramacoresources.com
Quarterly Results
Ramaco Resources, Inc. revealed income for the second quarter of $ 0.06 per share, from the revenue of $ 36.37 million. The quarterly earnings reduced 76.92 percent while revenues declined 44.69 percent compared with the same quarter last year.
According to street consensus, METC was expected to report 2Q20 loss of $ 0.07 per share from revenue of $ 30.54 million. The bottom line results beat street analysts by $ 0.13 or 185.71 percent, at the same time, top line results outshined analysts by $ 5.83 million or 19.09 percent.
Ramaco Resources, Inc. produces and sells metallurgical coal in the United States. The companys development portfolio includes the Elk Creek project consisting of approximately 20,552 acres of controlled mineral and 24 seams located in southern West Virginia; and the Berwind coal property comprising approximately 31,200 acres of controlled mineral and an area of Squire Jim seam coal deposits, which is situated on the border of West Virginia and Virginia.
