Aris Mining (NYSE:ARMN) Trading Down 5% - Should You Sell?

Aris Mining Co. (NYSE:ARMN - Get Free Report)'s share price fell 5% during mid-day trading on Monday . The company traded as low as $5.72 and last traded at $5.74. 160,619 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 759,684 shares. The stock had previously closed at $6.04.

Aris Mining Stock Performance

The stock has a 50-day moving average of $5.01 and a 200-day moving average of $4.28. The firm has a market cap of $976.97 million, a price-to-earnings ratio of -284.25 and a beta of -0.57. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.13 and a current ratio of 1.45.

Institutional Inflows and Outflows

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

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.