Aris Mining (NYSE:ARMN) Sees Large Volume Increase – Here’s What Happened

Aris Mining Co. (NYSE:ARMN) shares saw strong trading volume on Thursday . 209,792 shares were traded during trading, a decline of 45% from the previous session’s volume of 379,388 shares.The stock last traded at $3.39 and had previously closed at $3.55.

Aris Mining Price Performance

The firm has a market capitalization of $591.71 million, a PE ratio of -173.00 and a beta of -0.20. The firm’s fifty day moving average price is $4.19 and its 200 day moving average price is $4.27. The company has a current ratio of 1.45, a quick ratio of 1.13 and a debt-to-equity ratio of 0.32.

Hedge Funds Weigh In On Aris Mining

Institutional investors and hedge funds have recently modified their holdings of the stock. Banque Cantonale Vaudoise acquired a new stake in Aris Mining during the second quarter worth about $51,000. PDT Partners LLC purchased a new stake in Aris Mining in the 3rd quarter worth approximately $59,000. Centiva Capital LP acquired a new stake in shares of Aris Mining during the 3rd quarter worth approximately $84,000. Virtu Financial LLC grew its stake in shares of Aris Mining by 66.6% during the 3rd quarter. Virtu Financial LLC now owns 22,279 shares of the company’s stock worth $102,000 after purchasing an additional 8,909 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Aris Mining during the 3rd quarter valued at approximately $129,000. Institutional investors and hedge funds own 35.81% of the company’s stock.

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.