Shares of mining company Ramaco Resources, Inc. (METC) are surging more than 17% Thursday morning after reporting better-than-expected third-quarter results.
The company reported profit of $19.46 million or $0.40 per share for the third quarter, lower than $26.91 million or $0.60 per share in the same quarter a year ago, primarily due to higher expenses.
Excluding special items, earnings of $0.45 per share beat the average estimate of analysts polled by Thomson-Reuters of $0.44 per share.
Revenue for the quarter increased to $186.97 million from $136.93 million last year. The consensus estimate was for $159.63 million.
METC is at $13.75. It has traded in the range of $7.26 - $13.98 in the last 1 year.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.