METCB is in a confirmed technical downtrend with hard-blocked momentum and death-cross gates, weak quality and declining revenue, though a deep drawdown leaves large modeled upside to resistance.
Thesis pillars
- Falling Knife Technical Breakdown→Stable
- Quality Below Floor Cash Burning→Stable
- Declining Revenue Growth→Stable
- +2 more pillars — see the Why tab for full reasoning
Ramaco Resources, Inc. (METCB) Stock Analysis
Falling Knife setup · Inst Constrain edge
Basic Materials · Coking Coal
Sell if holding. Engine safety override at $8.04: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 3.7/10. Specifically: Below-average business quality; Negative price momentum; Below long-term trend.
Ramaco Resources operates as a dual-platform critical minerals company, developing and operating low-cost metallurgical coal mines across four complexes (Elk Creek, Berwind, Knox Creek, Maben) in southern West Virginia and southwestern Virginia, while also developing the Brook... Read more
Sell if holding. Engine safety override at $8.04: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 3.7/10. Specifically: Below-average business quality; Negative price momentum; Below long-term trend. Chart setup: Death cross, below all MAs, RSI 22, MACD bearish. Score 3.7/10, high confidence.
Passes 6/9 gates (clean insider activity, no SEC red flags, news events none recent, earnings proximity no date, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and death cross (50MA < 200MA). Suitability: speculative.
About Ramaco Resources, Inc.
About Ramaco Resources, Inc.
Ramaco Resources sold 3.8 million tons of metallurgical coal and recognized $536.6 million of revenue in 2025, drawing on 85 million reserve tons and 1,337 million measured and indicated resource tons across four West Virginia and Virginia mining complexes - Elk Creek, Berwind, Knox Creek and Maben. Annual production capacity stood at approximately four million clean tons, with plans to reach more than seven million tons as development continues, and 63% of 2025 revenue came from export markets.
Ramaco earns revenue by selling metallurgical coal to North American blast-furnace steel mills and coke plants under roughly one-year fixed-price-and-volume contracts, alongside export sales to buyers in Europe, South America, Africa and Asia priced against rolling three-month coal indices. Three customers accounted for approximately 34% of 2025 revenue, with no other customer reaching the 10% threshold. The company is diversifying beyond coal through its Brook Mine near Sheridan, Wyoming, where a Fluor Corporation Preliminary Economic Assessment concluded in July 2025 that developing rare earth elements such as neodymium, dysprosium, gallium and scandium was technically and economically viable, though the deposit remains an inferred resource rather than a booked reserve. China currently dominates global rare earth refining and production, a concentration Ramaco's Brook Mine initiative is intended to help offset domestically.
Show full overview
Ramaco's rare earth ambitions face a structural headwind: China accounts for the significant majority of global rare earth production and, through the state-consolidated China Rare Earth Group formed in December 2021, controls more than half of the world's heavy rare earth supply, including dysprosium and terbium - the same elements the Brook Mine's technical report identifies as commercially significant. Because the Brook Mine's resources are not yet classified as reserves, Ramaco's diversification beyond metallurgical coal remains contingent on further permitting, technical validation, and capital deployment before it can offset the company's near-total reliance on steel-industry demand for its core coal business.
See also: Basic Materials · Coking Coal
From Ramaco Resources, Inc.'s most recent 10-K filing, extracted July 6, 2026.
Thesis
Key Metrics
Quality Signals
Concentration Risks(10-K Item 1A)
- MEDIUMCustomertop three customers34%10-K Item 1: 'sales to three customers accounted for approximately 34% of total revenue. No other customer accounted for 10% or more'
- HIGHCommoditymetallurgical coal10-K Item 1A: 'Substantially all of our coal production is comprised of metallurgical coal, which commands a significant price premium'
- HIGHCustomersteel producers10-K Item 1A: 'Substantially all of the metallurgical coal that we produce is sold to steel producers.'
- HIGHGeographicexport markets63%10-K Item 1: '37% of our revenue was from sales into North American markets and 63% of our revenue was from sales into export markets'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
4 floor-breakers·1 ceiling hit
Revenue shrinking — -9.7% YoY. Growth thesis broken unless recovery story develops.static
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Cyclical trough — margins compressed or negative. Profitability typically recovers with the cycle, but floor fires on current data.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $8.04: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 3.7/10. Specifically: Below-average business quality; Negative price momentum; Below long-term trend. Chart setup: Death cross, below all MAs, RSI 22, MACD bearish. Prior stop was $7.48. Score 3.7/10, high confidence.
Take-profit target: $12.25 (+52.4% upside). Prior stop was $7.48. Stop-loss: $7.48.
Concentration risk — Commodity: metallurgical coal; Concentration risk — Customer: steel producers; Quality below floor (1.4 < 4.0).
Ramaco Resources, Inc. trades at a P/E of N/A (forward N/A). TrendMatrix value score: 9.7/10. Verdict: Sell.
15 analysts cover METCB with a consensus score of 4.1/5.
What does Ramaco Resources, Inc. do?Ramaco Resources operates as a dual-platform critical minerals company, developing and operating low-cost metallurgical...
Ramaco Resources operates as a dual-platform critical minerals company, developing and operating low-cost metallurgical coal mines across four complexes (Elk Creek, Berwind, Knox Creek, Maben) in southern West Virginia and southwestern Virginia, while also developing the Brook Mine near Sheridan, Wyoming for rare earth elements and critical minerals including neodymium, dysprosium, gallium and scandium. The company sold 3.8 million tons of coal and recognized $536.6 million of revenue in 2025, with 63% from export markets and sales to three customers accounting for approximately 34% of total r