Aris Mining Co. (NYSE:ARMN - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $6.83, but opened at $6.59. Aris Mining shares last traded at $6.45, with a volume of 557,628 shares changing hands.
Aris Mining Stock Performance
The firm has a market cap of $1.25 billion, a price-to-earnings ratio of -344.50 and a beta of -0.32. The company has a current ratio of 1.45, a quick ratio of 1.13 and a debt-to-equity ratio of 0.32. The firm's fifty day moving average price is $6.11 and its 200-day moving average price is $4.75.
Institutional Trading of Aris Mining
Several hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp increased its position in Aris Mining by 4.2% during the fourth quarter. Mackenzie Financial Corp now owns 70,009 shares of the company's stock worth $245,000 after buying an additional 2,790 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Aris Mining in the fourth quarter valued at approximately $234,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Aris Mining during the fourth quarter worth approximately $931,000. Geode Capital Management LLC increased its holdings in Aris Mining by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 80,860 shares of the company's stock valued at $284,000 after purchasing an additional 3,176 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of Aris Mining by 27.5% in the fourth quarter. LPL Financial LLC now owns 544,596 shares of the company's stock worth $1,906,000 after buying an additional 117,550 shares during the period. 35.81% of the stock is 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.
Further Reading
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