Aris Mining (NYSE:ARMN) Hits New 12-Month High - What's Next?

Aris Mining Co. (NYSE:ARMN - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $7.02 and last traded at $6.97, with a volume of 673428 shares trading hands. The stock had previously closed at $6.85.

Aris Mining Stock Performance

The firm has a fifty day moving average of $6.05 and a 200-day moving average of $4.71. The company has a quick ratio of 1.13, a current ratio of 1.45 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -343.25 and a beta of -0.31.

Institutional Investors Weigh In On Aris Mining

Hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in Aris Mining in the first quarter valued at approximately $76,000. Orion Resource Partners LP bought a new stake in shares of Aris Mining in the 4th quarter worth about $86,000. TD Waterhouse Canada Inc. raised its stake in Aris Mining by 210,416.7% during the fourth 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 in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Aris Mining during the 1st quarter valued at approximately $116,000. Finally, Virtu Financial LLC bought a new stake in shares of Aris Mining during the 1st quarter valued at about $117,000. 35.81% of the stock is currently owned by hedge funds and other 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.

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