Aris Mining (NYSE:ARMN) Shares Gap Up - What's Next?

Shares of Aris Mining Co. (NYSE:ARMN - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $4.25, but opened at $4.46. Aris Mining shares last traded at $4.50, with a volume of 463,273 shares.

Aris Mining Price Performance

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 company's 50-day moving average price is $4.27 and its two-hundred day moving average price is $4.12. The company has a market cap of $926.27 million, a P/E ratio of -269.50 and a beta of -0.46.

Institutional Trading of Aris Mining

Several institutional investors and hedge funds have recently bought and sold shares of ARMN. Invesco Ltd. increased its holdings in shares of Aris Mining by 51.8% in the 4th quarter. Invesco Ltd. now owns 6,581,952 shares of the company's stock valued at $23,037,000 after acquiring an additional 2,245,775 shares during the last quarter. Ruffer LLP increased its stake in Aris Mining by 15.2% during the fourth quarter. Ruffer LLP now owns 5,687,273 shares of the company's stock valued at $19,940,000 after purchasing an additional 751,473 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Aris Mining by 4.1% in the 4th quarter. Russell Investments Group Ltd. now owns 1,412,442 shares of the company's stock worth $4,950,000 after buying an additional 55,917 shares during the last quarter. Deutsche Bank AG lifted its holdings in Aris Mining by 25.3% in the fourth quarter. Deutsche Bank AG now owns 1,088,616 shares of the company's stock worth $3,810,000 after acquiring an additional 219,810 shares during the last quarter. Finally, Alberta Investment Management Corp boosted its stake in Aris Mining by 12.8% in the fourth quarter. Alberta Investment Management Corp now owns 1,036,050 shares of the company's stock valued at $3,631,000 after acquiring an additional 117,249 shares during the period. Institutional investors and hedge funds own 35.81% of the company's stock.

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.