Aris Mining Co. (NYSE:ARMN - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 132,114 shares traded hands during trading, a decline of 57% from the previous session's volume of 304,508 shares.The stock last traded at $3.62 and had previously closed at $3.77.
Aris Mining Trading Down 1.9 %
The stock has a 50-day moving average of $3.81 and a 200 day moving average of $4.23. The company has a quick ratio of 1.13, a current ratio of 1.45 and a debt-to-equity ratio of 0.32. The stock has a market cap of $619.06 million, a PE ratio of -181.00 and a beta of 0.15.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Aris Mining by 6.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,503,600 shares of the company's stock valued at $11,587,000 after buying an additional 160,500 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Aris Mining by 55.3% during the third quarter. Jane Street Group LLC now owns 411,553 shares of the company's stock valued at $1,908,000 after acquiring an additional 146,580 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Aris Mining by 60.4% during the 3rd quarter. Stifel Financial Corp now owns 540,544 shares of the company's stock worth $2,486,000 after acquiring an additional 203,586 shares during the period. Geode Capital Management LLC purchased a new position in shares of Aris Mining during the 3rd quarter worth $360,000. Finally, Van ECK Associates Corp boosted its position in shares of Aris Mining by 144.7% during the 3rd quarter. Van ECK Associates Corp now owns 15,932,334 shares of the company's stock worth $74,780,000 after purchasing an additional 9,422,597 shares during the period. 35.81% of the stock is currently owned by institutional investors and hedge funds.
Aris Mining Company Profile
(
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Aris Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and operation of gold properties in Canada, Colombia, and Guyana. It also explores for silver and copper deposits. The company was formerly known as GCM Mining Corp. and changed its name to Aris Mining Corporation in September 2022.
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