Aris Mining Corp (AMEX: ARMN) has seen a rise in its stock price by 4.14 in relation to its previous close of 4.83. However, the company has experienced a -0.40% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-08-22 that VANCOUVER, BC, Aug. 22, 2024 /PRNewswire/ – Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) announces that it has published its 2023 Sustainability Report, which has been prepared in accordance with the Sustainability Accounting Standards Board (SASB) for the metals and mining industry. Neil Woodyer, CEO of Aris Mining, commented, “We are pleased to present Aris Mining’s 2023 Sustainability Report.
Is It Worth Investing in Aris Mining Corp (AMEX: ARMN) Right Now?
The price-to-earnings ratio for Aris Mining Corp (AMEX: ARMN) is 63.43x, which is above its average ratio. Moreover, the 36-month beta value for ARMN is 1.26.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for ARMN is 145.34M and currently, short sellers hold a 0.55% of that float. On September 23, 2024, ARMN’s average trading volume was 385.39K shares.
ARMN’s Market Performance
ARMN’s stock has seen a -0.40% decrease for the week, with a 8.17% rise in the past month and a 27.02% gain in the past quarter. The volatility ratio for the week is 4.93%, and the volatility levels for the past 30 days are at 4.77% for Aris Mining Corp The simple moving average for the last 20 days is 10.28% for ARMN stock, with a simple moving average of 34.04% for the last 200 days.
ARMN Trading at 15.20% from the 50-Day Moving Average
After a stumble in the market that brought ARMN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.52% of loss for the given period.
Volatility was left at 4.77%, however, over the last 30 days, the volatility rate increased by 4.93%, as shares surge +8.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.55% upper at present.
During the last 5 trading sessions, ARMN fell by -0.40%, which changed the moving average for the period of 200-days by +58.68% in comparison to the 20-day moving average, which settled at $4.58. In addition, Aris Mining Corp saw 53.12% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ARMN
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.28 for the gross margin
The net margin for Aris Mining Corp stands at 0.02. The total capital return value is set at 0.06. Equity return is now at value 1.66, with 0.75 for asset returns.
Based on Aris Mining Corp (ARMN), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 0.45. The interest coverage ratio of the stock is 4.14.
Currently, EBITDA for the company is 157.2 million with net debt to EBITDA at 1.72. When we switch over and look at the enterprise to sales, we see a ratio of 2.34. The receivables turnover for the company is 7.53for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.88.
Conclusion
To wrap up, the performance of Aris Mining Corp (ARMN) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
