Aris Long Term ChartThe stock is at an important point cross-roads. It's on a verge of a significant technical breakout. The 200 weekly moving average has been a tough ceiling to overcome for two years. We also see a 3-year downtrend line just above the present price.
One other thing on a very bullish note, the NYSE Aris Mining ticker ARMN just had a record weekly volume of 1.9 million shares trading hands. The TSX ticker total on the week was 2.6 million shares. US buying of this name is new money flowing into the stock. That is precisely what Aris Mining needs and I would estimate if New York volume overtakes Toronto, we will find ourselves north of C$5.00 very soon. I should point out, this past week there was more US dollar value of trade in Aris than in Toronto ($1 US = C$1.35).
Aris 4-Year Chart