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

Aris Mining Co. (NYSE:ARMN) shares were up 5.2% during trading on Thursday . The stock traded as high as $4.03 and last traded at $4.03. Approximately 385,091 shares were traded 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 market cap of $667.62 million, a PE ratio of -196.00 and a beta of 0.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.45 and a quick ratio of 1.52. The company has a 50-day moving average of $4.56 and a 200 day moving average of $4.34.

Aris Mining (NYSE:ARMN) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.07). The firm had revenue of $117.19 million during the quarter. Aris Mining had a positive return on equity of 4.97% and a negative net margin of 0.66%. Analysts predict that Aris Mining Co. will post 0.43 earnings per share for the current year.

Institutional Trading of Aris Mining

Institutional investors have recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new stake in Aris Mining in the second quarter worth about $51,000. PDT Partners LLC bought a new stake in Aris Mining in the third quarter worth about $59,000. Virtu Financial LLC bought a new stake in Aris Mining in the first quarter worth about $79,000. Centiva Capital LP bought a new stake in Aris Mining in the third quarter worth about $84,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Aris Mining in the third quarter worth about $129,000. 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.