Aris Mining (NYSE:ARMN) Sees Strong Trading Volume – Should You Buy?

Aris Mining Co. (NYSE:ARMN) shares saw unusually-strong trading volume on Monday . Approximately 119,898 shares traded hands 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 cap of $648.14 million, a PE ratio of -189.50 and a beta of 0.15. The firm’s 50-day moving average is $3.92 and its 200 day moving average is $4.23. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.13 and a current ratio of 1.45.

Hedge Funds Weigh In On Aris Mining

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

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.