Aigen Investment Management LP increased its position in shares of Aris Mining Co. (NYSE:ARMN – Free Report) by 192.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 36,241 shares of the company’s stock after purchasing an additional 23,833 shares during the period. Aigen Investment Management LP’s holdings in Aris Mining were worth $168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in ARMN. Banque Cantonale Vaudoise bought a new position in shares of Aris Mining in the 2nd quarter worth about $51,000. International Assets Investment Management LLC acquired a new stake in Aris Mining during the third quarter worth about $740,000. Virtu Financial LLC bought a new position in Aris Mining in the first quarter worth about $79,000. Quadrature Capital Ltd acquired a new position in Aris Mining in the first quarter valued at approximately $165,000. Finally, Mackenzie Financial Corp bought a new position in shares of Aris Mining during the second quarter valued at approximately $220,000. Institutional investors and hedge funds own 35.81% of the company’s stock.
Aris Mining Trading Down 2.0 %
Shares of NYSE ARMN opened at $3.92 on Friday. Aris Mining Co. has a 12-month low of $2.45 and a 12-month high of $5.16. The company has a market cap of $667.62 million, a price-to-earnings ratio of -196.00 and a beta of 0.35. The company has a current ratio of 1.45, a quick ratio of 1.52 and a debt-to-equity ratio of 0.32. The stock’s 50 day simple moving average is $4.56 and its 200 day simple moving average is $4.34.
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.
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