Ramaco Resources rises after board authorizes internal reorganization

Ramaco Resources

31/03/2026 15:18

Updates

** Shares of coal miner Ramaco Resources METC.O rise 7.7% to $15.54

** Company's board authorizes management to pursue an internal corporate reorganization aimed at reducing overall cost of capital

** METC expects its business activities to be organized into the four principal operating divisions following the rehaul

** Intends to enable each business division to attract capital from investors and financing sources best suited to its unique risk and return profile

** Expects reorganization to be implemented in a tax-efficient manner using a series of internal corporate restructuring transactions

** Including session's gains, stock down 14% YTD

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com;))