Predicting Future Price Moves In Aris Mining Corp (ARMN)

Aris Mining Corp (AMEX:ARMN) does about 305.96K shares in volume on a normal day but saw 2002815 shares change hands in the recent trading day. The company now has a market cap of 827.65M USD. Its current market price is $4.88, marking a decrease of -3.37% compared to the previous close of $5.05. The 52 week high reached by this stock is $5.05 whilst the lowest price level in 52 weeks is $2.16.

Aris Mining Corp (ARMN) has a 20-day trading average at $4.54 and the current price is -3.37% off the 52-week high compared with 125.93% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.34 and its 200-day simple moving average is $3.73. If we look at the stock’s price movements over the week, volatility stands at 5.50%, which decreases to 4.78% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 60.54 to suggest the stock is neutral.

FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy.

The current price level is 8.26%, 12.79%, and 31.14% away from its SMA20, SMA50, and SMA200 respectively, with the ARMN price moving below the 50-day SMA on current market day. Aris Mining Corp (ARMN) stock is up 15.64% over the week and 18.45% over the past month. Its price is 48.55% year-to-date and 92.89% over the past year.

Outstanding shares total 169.60M with insiders holding 4.82% of the shares and institutional holders owning 47.60% of the company’s common stock. The company has a return on investment of 0.99% and return on equity of 1.66%. The price to earnings ratio (P/E ratio) amounts to 61.54. The beta has a value of 1.25. Price to book ratio is 1.01 and price to sales ratio is 1.78.