Diametric Capital LP increased its position in Aris Mining Co. (NYSE:ARMN - Free Report) by 320.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,581 shares of the company's stock after purchasing an additional 114,000 shares during the period. Diametric Capital LP owned approximately 0.09% of Aris Mining worth $524,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the business. Quantbot Technologies LP bought a new position in shares of Aris Mining in the third quarter valued at $200,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Aris Mining in the 3rd quarter valued at about $129,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Aris Mining during the 3rd quarter valued at about $600,000. PDT Partners LLC bought a new stake in Aris Mining during the 3rd quarter worth approximately $59,000. Finally, Centiva Capital LP purchased a new stake in shares of Aris Mining in the third quarter worth approximately $84,000. Institutional investors and hedge funds own 35.81% of the company's stock.
Aris Mining Stock Down 11.1 %
Shares of ARMN stock traded down $0.55 during trading hours on Friday, reaching $4.42. The company had a trading volume of 947,885 shares, compared to its average volume of 494,887. The company has a market cap of $759.58 million, a price-to-earnings ratio of -221.00 and a beta of -0.46. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.45 and a quick ratio of 1.13. Aris Mining Co. has a 12 month low of $3.29 and a 12 month high of $5.16. The business has a fifty day simple moving average of $4.13 and a 200-day simple moving average of $4.13.
About Aris Mining
(
Free Report)
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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