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

Shares of Aris Mining Co. (NYSE:ARMN) saw unusually-high trading volume on Thursday . Approximately 209,792 shares traded hands during trading, a decline of 45% from the previous session’s volume of 379,388 shares.The stock last traded at $3.39 and had previously closed at $3.55.

Aris Mining Price Performance

The company has a market cap of $591.71 million, a PE ratio of -173.00 and a beta of -0.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.45 and a quick ratio of 1.13. The stock’s 50-day moving average is $4.19 and its 200 day moving average is $4.27.

Institutional Trading of Aris Mining

Hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC raised its position in shares of 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 purchasing an additional 8,909 shares during the last quarter. PDT Partners LLC acquired a new position in Aris Mining during the 3rd quarter valued at approximately $59,000. Banque Cantonale Vaudoise purchased a new position in shares of Aris Mining in the second quarter worth $51,000. International Assets Investment Management LLC acquired a new stake in shares of Aris Mining during the third quarter worth $740,000. Finally, Centiva Capital LP acquired a new stake in shares of Aris Mining during the third quarter worth $84,000. 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.