Aris Mining (NYSE:ARMN) Shares Gap Up – Should You Buy?

Aris Mining Co. (NYSE:ARMN)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $3.92, but opened at $4.08. Aris Mining shares last traded at $4.08, with a volume of 34,180 shares.

Aris Mining Trading Up 6.1 %

The stock has a market cap of $708.49 million, a PE ratio of -196.00 and a beta of 0.35. The company’s fifty day moving average is $4.56 and its 200-day moving average is $4.34. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.45 and a quick ratio of 1.52.

Institutional Trading of Aris Mining

A number of institutional investors and hedge funds have recently made changes to their positions in ARMN. PDT Partners LLC acquired a new position in Aris Mining in the 3rd quarter valued at $59,000. Banque Cantonale Vaudoise purchased a new stake in Aris Mining in the 2nd quarter valued at $51,000. International Assets Investment Management LLC acquired a new stake in shares of Aris Mining in the 3rd quarter worth $740,000. Centiva Capital LP acquired a new stake in Aris Mining during the third quarter worth about $84,000. Finally, Virtu Financial LLC purchased a new position in Aris Mining during the first quarter worth about $79,000. 35.81% of the stock is currently owned by hedge funds and other 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.