Aris Mining (NYSE:ARMN) Shares Gap Down – Here’s Why

Aris Mining Co. (NYSE:ARMN) shares gapped down prior to trading on Friday . The stock had previously closed at $4.09, but opened at $3.90. Aris Mining shares last traded at $3.82, with a volume of 111,844 shares changing hands.

Aris Mining Price Performance

The company has a market cap of $648.88 million, a price-to-earnings ratio of 14.10 and a beta of 0.35. 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 company’s fifty day moving average price is $4.47 and its two-hundred day moving average price is $4.33.

Institutional Trading of Aris Mining

Institutional investors have recently modified their holdings of the company. Virtu Financial LLC boosted its stake in shares of Aris Mining by 66.6% during the 3rd quarter. Virtu Financial LLC now owns 22,279 shares of the company’s stock worth $102,000 after buying an additional 8,909 shares during the last quarter. Barclays PLC grew its stake in Aris Mining by 1,344.0% in the 3rd quarter. Barclays PLC now owns 34,656 shares of the company’s stock valued at $160,000 after buying an additional 32,256 shares during the last quarter. Geode Capital Management LLC bought a new position in shares of Aris Mining during the third quarter worth approximately $360,000. XTX Topco Ltd acquired a new stake in shares of Aris Mining during the third quarter worth $129,000. Finally, National Bank of Canada FI grew its position in shares of Aris Mining by 180.6% during the 3rd quarter. National Bank of Canada FI now owns 145,048 shares of the company’s stock worth $667,000 after purchasing an additional 93,357 shares in the last quarter. 35.81% of the stock is currently owned by institutional investors.

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.