Aris Mining Co. (NYSE:ARMN - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $6.96 and last traded at $6.96, with a volume of 331529 shares changing hands. The stock had previously closed at $6.53.
Aris Mining Stock Performance
The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.13 and a current ratio of 1.45. The stock has a 50 day moving average of $5.63 and a 200 day moving average of $4.50. The stock has a market capitalization of $1.10 billion, a P/E ratio of -319.00 and a beta of -0.31.
Hedge Funds Weigh In On Aris Mining
Several hedge funds have recently modified their holdings of the company. Alberta Investment Management Corp grew its holdings in Aris Mining by 12.8% during the fourth quarter. Alberta Investment Management Corp now owns 1,036,050 shares of the company's stock worth $3,631,000 after acquiring an additional 117,249 shares during the period. Sprott Inc. lifted its holdings in shares of Aris Mining by 98.4% during the 4th quarter. Sprott Inc. now owns 40,924 shares of the company's stock valued at $143,000 after buying an additional 20,299 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Aris Mining in the fourth quarter valued at approximately $128,000. Ruffer LLP lifted its stake in shares of Aris Mining by 15.2% in the 4th quarter. Ruffer LLP now owns 5,687,273 shares of the company's stock valued at $19,940,000 after purchasing an additional 751,473 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Aris Mining by 13.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 60,000 shares of the company's stock valued at $210,000 after acquiring an additional 7,000 shares during the last quarter. 35.81% of the stock is currently owned by institutional investors and hedge funds.
About Aris Mining
(
Get 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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