Business
Ramaco Resources, Inc. Set To Join Russell 3000® Index
LEXINGTON, Ky., June 7, 2022 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC) ("Ramaco Resources" or the "Company") is set to join the broad-market
About this update from Ramaco Resources, Inc.
[{"type":"text","content":"LEXINGTON, Ky., June 7, 2022 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC) (\"Ramaco Resources\" or the \"Company\") is set to join the broad-market Russell 3000® Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the US market opens on June 27, according to a preliminary list of additions posted June 3.\nThe annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 6, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index, as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.\n\"We are honored to be joining the Russell 3000® Index,\" said Randall Atkins, Ramaco Resources' Chairman and Chief Executive Officer. \"This is yet another positive step in the financial evolution of the Company, highlighting our success in growing the business since our original public offering. Additionally, inclusion in the Index will broaden awareness of the Company within the institutional Investor community, which we welcome, particularly given the recent increase in our public float from 34% at the end of 2021, to approximately 55% currently.\"\nRussell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 trillion in assets are benchmarked against Russell's US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.\nFor more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the \"Russell Reconstitution\" section on the FTSE Russell website.\nAbout Ramaco Resources, Inc.\nRamaco Resources, Inc. (NASDAQ:METC) is an operator and developer of high-quality, low-cost metallurgical coal in central and southern West Virginia, southwestern Virginia, and southwestern Pennsylvania. For more information about us, please visit our website at www.ramacoresources.com. \nAbout FTSE Russell:FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldw...