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

Aris Mining Co. (NYSE:ARMN) shares saw strong trading volume on Thursday . 132,114 shares were traded during trading, a decline of 57% from the previous session’s volume of 304,508 shares.The stock last traded at $3.62 and had previously closed at $3.77.

Aris Mining Trading Down 0.1 %

The business has a fifty day simple moving average of $3.83 and a 200 day simple moving average of $4.23. The stock has a market cap of $643.85 million, a price-to-earnings ratio of -188.25 and a beta of 0.15. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.13 and a current ratio of 1.45.

Institutional Investors Weigh In On Aris Mining

A number of large investors have recently bought and sold shares of ARMN. PDT Partners LLC acquired a new stake in shares of Aris Mining during the third quarter worth $59,000. Centiva Capital LP acquired a new stake in shares of Aris Mining during the third quarter worth $84,000. Virtu Financial LLC boosted its holdings in shares of Aris Mining by 66.6% during the third quarter. Virtu Financial LLC now owns 22,279 shares of the company’s stock worth $102,000 after purchasing an additional 8,909 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Aris Mining during the third quarter worth $129,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Aris Mining during the third quarter worth $129,000. Institutional investors and hedge funds 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.