Aris Mining (NYSE:ARMN) Shares Gap Down to $4.24

Aris Mining Co. (NYSE:ARMN) shares gapped down prior to trading on Wednesday . The stock had previously closed at $4.24, but opened at $4.01. Aris Mining shares last traded at $3.92, with a volume of 52,840 shares changing hands.

Aris Mining Stock Performance

The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 1.92. The company has a 50 day moving average price of $4.11 and a 200 day moving average price of $3.77. The company has a market capitalization of $682.00 million and a PE ratio of 84.50.

Aris Mining (NYSE:ARMN) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). The company had revenue of $107.62 million for the quarter. Aris Mining had a net margin of 3.06% and a return on equity of 7.64%. Equities analysts forecast that Aris Mining Co. will post 0.63 EPS for the current year.

Institutional Trading of Aris Mining

Several hedge funds and other institutional investors have recently bought and sold shares of ARMN. International Assets Investment Management LLC bought a new stake in Aris Mining during the fourth quarter valued at $380,000. Banque Cantonale Vaudoise acquired a new position in shares of Aris Mining in the 2nd quarter valued at about $51,000. Virtu Financial LLC bought a new stake in shares of Aris Mining during the 1st quarter valued at about $79,000. Baader Bank Aktiengesellschaft acquired a new stake in Aris Mining during the fourth quarter worth about $131,000. Finally, Quadrature Capital Ltd bought a new position in Aris Mining in the first quarter worth about $165,000. 35.81% of the stock is owned by 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.