Looking like a technical breakout.The is (now was) stiff resistance at $3.92 and now Aris has sliced through it like hot knife through margarine. The 200 dma was the launching point at $3.84. One can argue the gyrations between $3.75 down to $2.69 created a Bullish Reverse Head and Shoulders formation. That would yield an eventual pattern price target of $4.81. There's resistance at $4.34 and $4.73. We probably should expect quite the brick wall of resistance in the $4.80 area.
Volume is looking great and Aris is one of the best performing miners on the day. Gold and the HUI are lack luster, which makes the Aris move stand out more. Assuming C$4.10 sticks today, Aris is up 22% YTD. Not bad for 6 trading days.
A series Aris warrants Black-Scholes value at 42% volatility is $0.40 and presently under performing today's move. Vacuum cleaner, where are you?