Number of Hedge Fund Holders: 5
Market Cap: $179.132 million

Ramaco Resources, Inc. (NASDAQ: METC) was founded in 2015 and is based in Lexington, Kentucky. It is one of the top producers of metallurgical coal in the United States. The company primarily sells to blast furnace steel mills and coke plants in the country and also caters to international buyers as well. Currently, Ramaco Resources, Inc. (NASDAQ: METC) is involved in multiple projects throughout the US, including operations in mines in West Virginia, Virginia, and Pennsylvania. The company announced in February that its board has approved expenditure on two new mines which would add almost one million new tons per year of coal with initial production starting in 2021. The total revenue of the company in 2020 was $51.14 million which was a 12.13% year-on-year increase. This increase in revenue is projected to be sustained over the current year with the opening of two new mines by Ramaco Resources, Inc. (NASDAQ: METC). Hence, this coal company has landed the number ­­­­9 spot in the 10 best coal stocks to buy now list.