Ramaco Resources, Inc. Set To Join Russell 3000® Index

Rhea-AI Summary

Ramaco Resources, Inc. (NASDAQ: METC) is set to join the Russell 3000 Index effective June 27, 2022, following the annual reconstitution. This inclusion highlights the company's growth since its public offering, with the public float increasing from 34% to approximately 55%. Russell indexes are crucial for investment managers and benchmark around $12 trillion in assets. Joining the index is expected to enhance the company's visibility among institutional investors. Ramaco Resources operates in metallurgical coal production in West Virginia, Virginia, and Pennsylvania.

Positive

• Inclusion in the Russell 3000 Index will enhance visibility among institutional investors.
• Public float increased from 34% to approximately 55%, indicating greater market access.

Negative

• None.

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.

The 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.

"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."

Russell 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.

For more information on the Russell 3000^® Index and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.

About Ramaco Resources, Inc.

Ramaco 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. 

About FTSE Russell:
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $20 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group.

For more information, visit www.ftserussell.com.

POINT OF CONTACT:
INVESTOR RELATIONS: info@ramacocoal.com or 859-244-7455

View original content:https://www.prnewswire.com/news-releases/ramaco-resources-inc-set-to-join-russell-3000-index-301563329.html

SOURCE Ramaco Resources, Inc.

FAQ

When will Ramaco Resources join the Russell 3000 Index?

Ramaco Resources will join the Russell 3000 Index effective June 27, 2022.

What is the significance of the Russell 3000 Index for Ramaco Resources?

Membership in the Russell 3000 Index broadens investor awareness and could enhance investment opportunities.

How much in assets are benchmarked against the Russell indexes?

Approximately $12 trillion in assets are benchmarked against the Russell's US indexes.

How has Ramaco Resources' public float changed recently?

Ramaco Resources' public float increased from 34% at the end of 2021 to approximately 55% currently.