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

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 59,700 shares, an increase of 1,765.6% from the December 31st total of 3,200 shares. Based on an average daily volume of 536,000 shares, the short-interest ratio is presently 0.1 days.

Ares Strategic Mining Stock Performance

Ares Strategic Mining stock opened at $0.10 on Thursday. Ares Strategic Mining has a 12 month low of $0.09 and a 12 month high of $0.17. The stock’s 50 day simple moving average is $0.13 and its two-hundred day simple moving average is $0.12.

About Ares Strategic Mining

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.