Aris Mining Co. (NYSE:ARMN - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $3.54, but opened at $3.29. Aris Mining shares last traded at $3.41, with a volume of 97,158 shares changing hands.
Aris Mining Trading Down 4.0 %
The firm has a market capitalization of $581.45 million, a P/E ratio of -170.00 and a beta of -0.20. The company has a current ratio of 1.45, a quick ratio of 1.13 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average of $4.08 and a two-hundred day moving average of $4.25.
Institutional Trading of Aris Mining
Several hedge funds and other institutional investors have recently made changes to their positions in ARMN. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Aris Mining by 6.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,503,600 shares of the company's stock valued at $11,587,000 after acquiring an additional 160,500 shares during the last quarter. Stifel Financial Corp grew its position in Aris Mining by 60.4% in the 3rd quarter. Stifel Financial Corp now owns 540,544 shares of the company's stock valued at $2,486,000 after purchasing an additional 203,586 shares during the period. Jane Street Group LLC increased its position 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 worth $1,908,000 after acquiring an additional 146,580 shares in the last quarter. Van ECK Associates Corp raised its position in Aris Mining by 144.7% in the 3rd quarter. Van ECK Associates Corp now owns 15,932,334 shares of the company's stock valued at $74,780,000 after buying an additional 9,422,597 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Aris Mining by 192.1% during the 2nd quarter. Acadian Asset Management LLC now owns 3,908,717 shares of the company's stock worth $14,738,000 after buying an additional 2,570,400 shares in the last quarter. 35.81% of the stock is currently owned by institutional investors.
About Aris Mining
(
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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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