Aris Mining (NYSE:ARMN) Shares Gap Up – What’s Next?

Shares of Aris Mining Co. (NYSE:ARMN) gapped up before the market opened on Monday . The stock had previously closed at $3.92, but opened at $4.08. Aris Mining shares last traded at $4.08, with a volume of 34,180 shares trading hands.

Aris Mining Price Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.52 and a current ratio of 1.45. The company has a market capitalization of $708.49 million, a P/E ratio of -196.00 and a beta of 0.35. The firm’s fifty day moving average is $4.56 and its 200 day moving average is $4.34.

Institutional Trading of Aris Mining

A number of hedge funds have recently added to or reduced their stakes in the business. PDT Partners LLC bought a new stake in shares of Aris Mining in the 3rd quarter valued at about $59,000. Banque Cantonale Vaudoise purchased a new stake in Aris Mining during the second quarter worth $51,000. International Assets Investment Management LLC bought a new position in shares of Aris Mining in the 3rd quarter worth $740,000. Centiva Capital LP purchased a new position in Aris Mining in the third quarter valued at about $84,000. Finally, Virtu Financial LLC bought a new position in Aris Mining in the first quarter worth about $79,000. 35.81% of the stock is owned by hedge funds and other institutional investors.

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.