Aris Mining (NYSE:ARMN) Sets New 52-Week High – Still a Buy?

Aris Mining Co. (NYSE:ARMN)’s share price reached a new 52-week high on Friday . The company traded as high as $5.17 and last traded at $5.14, with a volume of 2024141 shares changing hands. The stock had previously closed at $4.88.

Aris Mining Stock Performance

The company has a 50-day moving average of $4.24 and a 200 day moving average of $4.12. The firm has a market capitalization of $883.31 million, a PE ratio of -257.00 and a beta of -0.46. The company has a quick ratio of 1.13, a current ratio of 1.45 and a debt-to-equity ratio of 0.32.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Centiva Capital LP purchased a new position in Aris Mining in the 3rd quarter worth approximately $84,000. TD Waterhouse Canada Inc. increased its stake in shares of Aris Mining by 210,416.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 25,262 shares of the company’s stock worth $86,000 after buying an additional 25,250 shares during the period. Orion Resource Partners LP bought a new stake in Aris Mining during the 4th quarter valued at $86,000. Virtu Financial LLC raised its holdings in 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 buying an additional 8,909 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Aris Mining during the 4th quarter valued at $128,000. 35.81% of the stock is owned by hedge funds and other institutional investors.

Aris Mining Company Profile

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.