Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Sees Significant Increase in Short Interest

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 13,800 shares, a growth of 23.2% from the October 15th total of 11,200 shares. Based on an average daily volume of 184,400 shares, the short-interest ratio is presently 0.1 days.

Ares Strategic Mining Price Performance

OTCMKTS ARSMF traded down 0.01 during trading on Friday, reaching 0.11. 45,600 shares of the company’s stock were exchanged, compared to its average volume of 101,088. Ares Strategic Mining has a fifty-two week low of 0.09 and a fifty-two week high of 0.17. The business has a 50 day moving average price of 0.12 and a 200-day moving average price of 0.12.

Ares Strategic Mining Company Profile

Ares Strategic Mining Inc, a junior natural resource mining company, engages in the acquisition, exploration, and development of fluorspar properties in Canada and the United States. It focuses on the exploitation, production, and supply of metspar and acidspar. The company holds 100% interest in the Lost Sheep Fluoride Mine that consists of 353 claims covering an area of approximately 5,982 acres located in western Utah, the United States; and the Liard Fluorspar property, which includes 55 claims covering an area of approximately 55,000 acres located in British Columbia.