Aris Mining (NYSE:ARMN) Stock Price Up 5.2% – Here’s Why

Aris Mining Co. (NYSE:ARMN)’s share price rose 5.2% during trading on Thursday . The company traded as high as $4.03 and last traded at $4.03. Approximately 385,091 shares traded hands during mid-day trading, an increase of 1% from the average daily volume of 381,576 shares. The stock had previously closed at $3.83.

Aris Mining Trading Down 2.0 %

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.52 and a current ratio of 1.45. The company has a market capitalization of $667.62 million, a P/E ratio of -196.00 and a beta of 0.35. The stock has a fifty day moving average of $4.56 and a 200 day moving average of $4.34.

Aris Mining (NYSE:ARMN) last issued its quarterly earnings results 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 positive return on equity of 4.97% and a negative net margin of 0.66%. The business had revenue of $117.19 million during the quarter. As a group, equities research analysts anticipate that Aris Mining Co. will post 0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ARMN. Banque Cantonale Vaudoise purchased a new position in shares of Aris Mining during the second quarter valued at about $51,000. PDT Partners LLC purchased a new position in shares of Aris Mining during the third quarter valued at about $59,000. Virtu Financial LLC purchased a new position in shares of Aris Mining during the first quarter valued at about $79,000. Centiva Capital LP purchased a new position in shares of Aris Mining during the third quarter valued at about $84,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Aris Mining during the third quarter valued at about $129,000. Hedge funds and other institutional investors own 35.81% of the company’s stock.

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.