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

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 2,500 shares, a decline of 94.9% from the August 15th total of 49,000 shares. Based on an average trading volume of 137,400 shares, the days-to-cover ratio is currently 0.0 days.

Ares Strategic Mining Price Performance

ARSMF stock opened at 0.12 on Friday. The stock’s 50 day simple moving average is 0.13 and its 200 day simple moving average is 0.13. Ares Strategic Mining has a 12-month low of 0.09 and a 12-month high of 0.20.

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.