Aris Mining (NYSE:ARMN) Sees Large Volume Increase

Aris Mining Co. (NYSE:ARMN) saw strong trading volume on Wednesday . 245,554 shares changed hands during mid-day trading, a decline of 12% from the previous session’s volume of 278,185 shares.The stock last traded at $4.76 and had previously closed at $4.76.

Aris Mining Price Performance

The company has a market cap of $805.51 million and a P/E ratio of 95.20. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.88 and a quick ratio of 1.52. The stock has a fifty day moving average price of $4.36 and a two-hundred day moving average price of $4.04.

Aris Mining (NYSE:ARMN) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.07). Aris Mining had a return on equity of 6.00% and a net margin of 2.46%. The firm had revenue of $117.19 million for the quarter. On average, research analysts expect that Aris Mining Co. will post 0.59 EPS for the current year.

Institutional Investors Weigh In On Aris Mining

Large investors have recently made changes to their positions in the business. International Assets Investment Management LLC bought a new position in shares of Aris Mining during the 4th quarter worth $380,000. Banque Cantonale Vaudoise bought a new position in Aris Mining during the second quarter worth about $51,000. Virtu Financial LLC purchased a new position in shares of Aris Mining in the first quarter worth about $79,000. Quadrature Capital Ltd bought a new stake in shares of Aris Mining in the first quarter valued at approximately $165,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Aris Mining during the 2nd quarter valued at approximately $220,000. 35.81% of the stock is owned by hedge funds and other institutional investors.

Aris Mining Company Profile

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.