Aris Mining (NYSE:ARMN) Sees Unusually-High Trading Volume – What’s Next?

Aris Mining Co. (NYSE:ARMN) shares saw unusually-strong trading volume on Monday . Approximately 119,898 shares were traded during mid-day trading, a decline of 18% from the previous session’s volume of 146,050 shares.The stock last traded at $3.67 and had previously closed at $3.65.

Aris Mining Stock Performance

The stock has a market capitalization of $648.14 million, a PE ratio of -189.50 and a beta of 0.15. The company has a quick ratio of 1.13, a current ratio of 1.45 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average of $3.92 and a 200-day moving average of $4.23.

Hedge Funds Weigh In On Aris Mining

Institutional investors and hedge funds have recently made changes to their positions in the stock. PDT Partners LLC purchased a new stake in Aris Mining during the 3rd quarter worth about $59,000. Centiva Capital LP purchased a new stake in Aris Mining during the third quarter worth approximately $84,000. Virtu Financial LLC boosted its holdings in Aris Mining by 66.6% in the third quarter. Virtu Financial LLC now owns 22,279 shares of the company’s stock valued at $102,000 after purchasing an additional 8,909 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Aris Mining in the third quarter valued at approximately $129,000. Finally, XTX Topco Ltd acquired a new stake in Aris Mining during the third quarter worth approximately $129,000. 35.81% of the stock is owned by institutional investors and hedge funds.

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.