Aris Mining Co. (NYSE:ARMN - Get Free Report)'s share price reached a new 52-week high on Monday . The stock traded as high as $7.27 and last traded at $7.21, with a volume of 648717 shares trading hands. The stock had previously closed at $7.05.
Analyst Ratings Changes
Separately, National Bankshares reaffirmed an "outperform" rating on shares of Aris Mining in a research report on Tuesday, June 24th.
Check Out Our Latest Stock Analysis on ARMN
Aris Mining Price 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 market cap of $1.31 billion, a PE ratio of -360.50 and a beta of -0.34. The stock's 50-day moving average is $6.53 and its two-hundred day moving average is $5.07.
Hedge Funds Weigh In On Aris Mining
Hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new position in shares of Aris Mining during the 1st quarter worth approximately $76,000. Orion Resource Partners LP purchased a new position in Aris Mining in the 4th quarter valued at approximately $86,000. TD Waterhouse Canada Inc. boosted its position in Aris Mining by 210,416.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 25,262 shares of the company's stock valued at $86,000 after buying an additional 25,250 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in Aris Mining in the 1st quarter valued at approximately $116,000. Finally, Virtu Financial LLC purchased a new position in Aris Mining in the 1st quarter valued at approximately $117,000. Hedge funds and other institutional investors own 35.81% of the company's stock.
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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