Ramaco Resources(US:METC) Businesswire·2026-02-03 18:48Core Viewpoint - Ramaco Resources, Inc. is facing a class action lawsuit due to allegations of securities fraud related to misleading statements about its Brook Mine operations, which were claimed to be non-existent or exaggerated during the specified class period [1]. Group 1: Lawsuit Details - The class action lawsuit is filed on behalf of investors who purchased Ramaco securities between July 31, 2025, and October 23, 2025 [1]. - The lawsuit alleges that Ramaco made materially false and misleading statements regarding the commencement and progress of mining activities at the Brook Mine [1]. - The report from Wolfpack Research claims that no significant mining activity occurred at the Brook Mine after its groundbreaking, leading to a significant drop in Ramaco's stock price by $3.81, or 9.6%, to close at $36.01 per share on October 23, 2025 [1]. Group 2: Allegations Against the Company - The lawsuit claims that Ramaco failed to disclose that no active work was taking place at the Brook Mine, which misled investors about the company's operational status [1]. - It is alleged that the company overstated development progress at the Brook Mine, which contributed to the misleading nature of its positive statements about business prospects [1]. - The lawsuit emphasizes that the defendants' statements lacked a reasonable basis, further compounding the misleading information provided to investors [1].