Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Short Interest Up 1,059.5% in June

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 48,700 shares, a growth of 1,059.5% from the June 15th total of 4,200 shares. Based on an average daily trading volume, of 202,100 shares, the short-interest ratio is currently 0.2 days.

Ares Strategic Mining Stock Performance

Shares of OTCMKTS ARSMF traded up 0.01 during trading on Thursday, reaching 0.14. 20,700 shares of the company traded hands, compared to its average volume of 106,856. The firm’s fifty day simple moving average is 0.13 and its 200 day simple moving average is 0.14. 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.