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Bullboard - Stock Discussion Forum Aris Mining Corp T.ARIS

Alternate Symbol(s):  T.ARIS.WT.A | CLGDF | ARMN | N.AMNG.NT.U

Aris Mining Corporation is a gold producer in the Americas. The Company is engaged in operating two mines with expansions underway in Colombia. The Segovia Operation is located in the Segovia-Remedios mining district in the department of Antioquia, Colombia, approximately 180 kilometers (km) northeast of Medellin. The Segovia Operations comprises four active underground gold mining operations... see more

TSX:ARIS - Post Discussion

Aris Mining Corp > Incredibly Bullish Day for Aris
View:
Post by tobinator01 on Sep 16, 2024 5:06pm

Incredibly Bullish Day for Aris

Say whaaaat?  Yes folks it was, let me explain.

The stock was down 3.5%, which is about right after roaring on Friday.  What made this day exceedingly bullish is ARMN trade volume on the NYSE was over 2 million shares.  Toronto volume was no slouch at 1.3 million shares exchanging hands.

The NYSE rarely (maybe never) has exceeded the Toronto volume.  I looked back several years where GCM was trading on the Toronto and the OTCBB board.  US based volume was NEVER been as high as today's.

I view fresh money piling into this stock is required to get it should be with a US market cap of $1 Billion (as of today its US $827 million).  More market cap growth to come when the Segovia expansion project comes online in early 2025.

There's an old Wall Street saying that states "volume preceeds price".  Let's hope that applies here.
Comment by Ricoloco on Sep 17, 2024 8:34am
You hit the nail on the head. I tuned in to see how Aris had started trading at the beginning of the business day, I simply couldn't stop watching the trading frenzy, then I switched to our USA ticker symbol to see if there was a carryover into that market. The volume stuck out like a sore thumb, it was epic seeing it. I tuned in intermittently for the first hour, sat back in my chair and ...more  
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