Aris Mining (NYSE:ARMN) Sets New 1-Year High – Time to Buy?

Aris Mining Co. (NYSE:ARMN) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $5.17 and last traded at $5.14, with a volume of 2024141 shares. The stock had previously closed at $4.88.

Aris Mining Stock Performance

The company has a current ratio of 1.45, a quick ratio of 1.13 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average is $4.24 and its 200-day moving average is $4.12. The company has a market capitalization of $883.31 million, a P/E ratio of -257.00 and a beta of -0.46.

Institutional Investors Weigh In On Aris Mining

Several large investors have recently bought and sold shares of ARMN. Centiva Capital LP bought a new position in Aris Mining during the third quarter valued at approximately $84,000. TD Waterhouse Canada Inc. raised its stake in Aris Mining by 210,416.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 25,262 shares of the company’s stock valued at $86,000 after buying an additional 25,250 shares during the last quarter. Orion Resource Partners LP bought a new position in shares of Aris Mining during the 4th quarter valued at $86,000. Virtu Financial LLC boosted its stake 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 worth $102,000 after buying an additional 8,909 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Aris Mining in the fourth quarter worth $128,000. 35.81% of the stock is currently owned by 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.