Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Sees Large Decline in Short Interest

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) saw a significant decrease in short interest in July. As of July 15th, there was short interest totalling 41,200 shares, a decrease of 15.4% from the June 30th total of 48,700 shares. Based on an average daily volume of 225,700 shares, the days-to-cover ratio is presently 0.2 days.

Ares Strategic Mining Trading Up 2.2 %

Shares of OTCMKTS:ARSMF traded up 0.00 on Tuesday, hitting 0.13. The company’s stock had a trading volume of 34,470 shares, compared to its average volume of 109,743. Ares Strategic Mining has a 12 month low of 0.09 and a 12 month high of 0.20. The stock’s 50-day moving average is 0.13 and its two-hundred day moving average is 0.14.

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.