Aris Mining Co. (NYSE:ARMN - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $7.30 and last traded at $7.27, with a volume of 424297 shares trading hands. The stock had previously closed at $7.17.
Wall Street Analyst Weigh In
Separately, National Bankshares reaffirmed an "outperform" rating on shares of Aris Mining in a research report on Wednesday, July 16th.
View Our Latest Research Report on Aris Mining
Aris Mining Stock Up 3.0%
The firm has a market capitalization of $1.34 billion, a P/E ratio of -369.25 and a beta of -0.34. 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 $6.62 and a 200-day moving average of $5.17.
Hedge Funds Weigh In On Aris Mining
Large investors have recently bought and sold shares of the stock. Quantbot Technologies LP bought a new position in shares of Aris Mining during the first quarter valued at approximately $76,000. Orion Resource Partners LP bought a new position in Aris Mining during the 4th quarter valued at approximately $86,000. Cambridge Investment Research Advisors Inc. bought a new stake in Aris Mining in the first quarter worth $116,000. TD Waterhouse Canada Inc. grew its stake in shares of Aris Mining by 210,416.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 25,262 shares of the company's stock worth $86,000 after acquiring an additional 25,250 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Aris Mining in the 1st quarter worth about $117,000. 35.81% of the stock is owned by hedge funds and other institutional investors.
Aris Mining Company Profile
(
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.
Further Reading
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