Aris Mining (NYSE:ARMN) Sees Unusually-High Trading Volume

Aris Mining Co. (NYSE:ARMN) saw an uptick in trading volume on Thursday . 130,294 shares were traded during trading, a decline of 49% from the previous session’s volume of 257,863 shares.The stock last traded at $4.55 and had previously closed at $4.35.

Aris Mining Stock Up 5.7 %

The company’s fifty day simple moving average is $4.31 and its 200 day simple moving average is $3.97. The company has a quick ratio of 1.52, a current ratio of 1.88 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $778.44 million and a PE ratio of 87.00.

Aris Mining (NYSE:ARMN) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.07). The firm had revenue of $117.19 million for the quarter. Aris Mining had a net margin of 2.46% and a return on equity of 6.00%. Analysts anticipate that Aris Mining Co. will post 0.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp bought a new stake in Aris Mining during the second quarter worth about $220,000. American Century Companies Inc. boosted its position in shares of Aris Mining by 44.6% in the 2nd quarter. American Century Companies Inc. now owns 1,410,505 shares of the company’s stock worth $5,330,000 after purchasing an additional 435,277 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Aris Mining by 192.1% in 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 during the last quarter. TD Asset Management Inc bought a new position in Aris Mining during the 2nd quarter valued at approximately $494,000. Finally, Van ECK Associates Corp raised its stake in Aris Mining by 6.8% during the second quarter. Van ECK Associates Corp now owns 6,509,737 shares of the company’s stock valued at $24,604,000 after buying an additional 414,651 shares during the last quarter. 35.81% of the stock is currently owned by institutional investors.

About Aris Mining

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.