Aris Mining (NYSE:ARMN) Shares Gap Down - Time to Sell?

Aris Mining Co. (NYSE:ARMN - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $4.09, but opened at $3.90. Aris Mining shares last traded at $3.82, with a volume of 111,844 shares changing hands.

Aris Mining Price Performance

The firm's 50-day moving average is $4.45 and its 200-day moving average is $4.33. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.45 and a quick ratio of 1.13. The company has a market capitalization of $645.47 million, a P/E ratio of -189.50 and a beta of 0.35.

Institutional Trading of Aris Mining

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quadrature Capital Ltd bought a new position in Aris Mining in the first quarter worth about $165,000. Virtu Financial LLC acquired a new stake in Aris Mining in the first quarter valued at approximately $79,000. Banque Cantonale Vaudoise purchased a new position in Aris Mining in the second quarter worth $51,000. Van ECK Associates Corp lifted its holdings in shares of Aris Mining by 6.8% during the 2nd quarter. Van ECK Associates Corp now owns 6,509,737 shares of the company's stock valued at $24,604,000 after purchasing an additional 414,651 shares during the last quarter. Finally, TD Asset Management Inc purchased a new stake in shares of Aris Mining during the 2nd quarter valued at $494,000. Hedge funds and other institutional investors own 35.81% of the company's stock.

Aris Mining Company Profile

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.