Connecticut-based Discovery Capital Management increased its position in Ramaco Resources by 4.18 million shares in the third quarter, with the overall position increasing in value by about $164.67 million. As of September 30, Discovery Capital held 5.53 million shares of Ramaco valued at $182.21 million, making it the fund’s largest holding. Ramaco Resources produces and sells metallurgical coal to domestic and international steel producers and coke plants, generating revenue through these sales. The company is also transitioning towards rare earth and critical minerals development at the Brook Mine in Wyoming, introducing new opportunities for growth.

Read more at Nasdaq: Why One Fund Made Ramaco Resources a $182 Million Bet Amid a Staggering Stock Surge