Ramaco Resources, Inc. Class Action Lawsuit – METC

The filed complaint alleges that Ramaco Resources, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) defendants had not commenced any significant mining activity at the Brook Mine after groundbreaking; (2) no active work was taking place at the Brook Mine; (3) as a result, the Company overstated development progress at the Brook Mine; and (4) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.