Sprott Inc. Buys 20,299 Shares of Aris Mining Co. (NYSE:ARMN)

Sprott Inc. increased its position in shares of Aris Mining Co. (NYSE:ARMN) by 98.4% in the 4th quarter, HoldingsChannel reports. The firm owned 40,924 shares of the company’s stock after acquiring an additional 20,299 shares during the quarter. Sprott Inc.’s holdings in Aris Mining were worth $143,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ARMN. PDT Partners LLC acquired a new position in shares of Aris Mining in the 3rd quarter valued at approximately $59,000. Centiva Capital LP acquired a new position in Aris Mining during the third quarter valued at approximately $84,000. Virtu Financial LLC lifted its stake in Aris Mining by 66.6% during the third quarter. Virtu Financial LLC now owns 22,279 shares of the company’s stock worth $102,000 after purchasing an additional 8,909 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Aris Mining in the 3rd quarter valued at $129,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Aris Mining in the 3rd quarter valued at $129,000. 35.81% of the stock is currently owned by institutional investors and hedge funds.

Aris Mining Price Performance

Shares of ARMN stock opened at $3.84 on Thursday. The business has a fifty day simple moving average of $3.74 and a 200 day simple moving average of $4.16. The company has a market cap of $656.69 million, a P/E ratio of -192.00 and a beta of 0.16. The company has a quick ratio of 1.13, a current ratio of 1.45 and a debt-to-equity ratio of 0.32. Aris Mining Co. has a twelve month low of $2.75 and a twelve month high of $5.16.

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.