Aris Mining (NYSE:ARMN) Shares Gap Up – Here’s Why

Aris Mining Co. (NYSE:ARMN)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $4.25, but opened at $4.46. Aris Mining shares last traded at $4.50, with a volume of 463,273 shares trading hands.

Aris Mining Stock Up 6.7 %

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.13 and a current ratio of 1.45. The stock has a market cap of $779.51 million, a PE ratio of -227.25 and a beta of -0.46. The company’s 50-day moving average price is $4.16 and its 200 day moving average price is $4.12.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp increased its stake in shares of Aris Mining by 4.2% in the 4th quarter. Mackenzie Financial Corp now owns 70,009 shares of the company’s stock worth $245,000 after purchasing an additional 2,790 shares in the last quarter. Geode Capital Management LLC grew its holdings in Aris Mining by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 80,860 shares of the company’s stock valued at $284,000 after purchasing an additional 3,176 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of Aris Mining by 13.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 60,000 shares of the company’s stock worth $210,000 after buying an additional 7,000 shares during the period. Cetera Investment Advisers lifted its position in shares of Aris Mining by 10.7% during the 4th quarter. Cetera Investment Advisers now owns 83,508 shares of the company’s stock valued at $293,000 after buying an additional 8,102 shares in the last quarter. Finally, Virtu Financial LLC grew its stake in shares of Aris Mining by 66.6% during the 3rd quarter. Virtu Financial LLC now owns 22,279 shares of the company’s stock valued at $102,000 after acquiring an additional 8,909 shares during the period. 35.81% of the stock is currently owned by 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.