Connor Clark & Lunn Investment Management Ltd. Sells 35,100 Shares of Aris Mining Co. (NYSE:ARMN)

Connor Clark & Lunn Investment Management Ltd. lowered its position in shares of Aris Mining Co. (NYSE:ARMN) by 1.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,468,500 shares of the company’s stock after selling 35,100 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Aris Mining were worth $8,644,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. PDT Partners LLC bought a new stake in shares of Aris Mining in the 3rd quarter valued at $59,000. Centiva Capital LP acquired a new stake in Aris Mining in the third quarter worth $84,000. Virtu Financial LLC increased its stake in Aris Mining by 66.6% in the third quarter. Virtu Financial LLC now owns 22,279 shares of the company’s stock valued at $102,000 after purchasing an additional 8,909 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Aris Mining during the fourth quarter valued at about $128,000. Finally, XTX Topco Ltd bought a new position in shares of Aris Mining during the 3rd quarter worth about $129,000. 35.81% of the stock is currently owned by institutional investors and hedge funds.

Aris Mining Stock Performance

Shares of Aris Mining stock opened at $4.40 on Friday. The business has a 50-day simple moving average of $3.85 and a 200 day simple moving average of $4.12. Aris Mining Co. has a one year low of $3.18 and a one year high of $5.16. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.45 and a quick ratio of 1.13. The firm has a market capitalization of $756.14 million, a price-to-earnings ratio of -220.00 and a beta of 0.23.

Aris Mining 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.