Critical Comparison: Athena Gold (OTCMKTS:AHNR) & Aris Mining (NYSE:ARMN)

Risk and Volatility

Athena Gold has a beta of -0.61, meaning that its stock price is 161% less volatile than the S&P 500. Comparatively, Aris Mining has a beta of 0.16, meaning that its stock price is 84% less volatile than the S&P 500.

Valuation & Earnings

This table compares Athena Gold and Aris Mining”s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Athena Gold	N/A	N/A	$610,000.00	N/A	N/A
Aris Mining	$447.67 million	1.54	$11.42 million	($0.02)	-202.00

Aris Mining has higher revenue and earnings than Athena Gold.

Institutional and Insider Ownership

35.9% of Athena Gold shares are held by institutional investors. Comparatively, 35.8% of Aris Mining shares are held by institutional investors. 11.5% of Athena Gold shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Profitability

This table compares Athena Gold and Aris Mining’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Athena Gold	N/A	-6.37%	-5.73%
Aris Mining	-0.66%	4.97%	2.70%

Summary

Aris Mining beats Athena Gold on 5 of the 8 factors compared between the two stocks.

About Athena Gold

Athena Gold Corporation, an exploration stage company, engages in the acquisition and exploration of mineral resources in the United States. It explores for gold, molybdenum, and copper deposits. The company's flagship property is the Excelsior Springs project comprising 191 unpatented claims and 2 patented mining claims located in Walker Lane, Nevada. It also owns 100% interest in the Crow Springs project, which consists of eleven unpatented mining claims located in Esmeralda County, Nevada. Athena Gold Corporation was formerly known as Athena Silver Corporation and changed its name to Athena Gold Corporation in January 2021. The company was incorporated in 2003 and is based in Vacaville, California.

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. Aris Mining Corporation is based in Vancouver, Canada.