Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Short Interest Down 63.0% in October

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 11,200 shares, a drop of 63.0% from the September 30th total of 30,300 shares. Based on an average trading volume of 104,800 shares, the days-to-cover ratio is currently 0.1 days.

Ares Strategic Mining Trading Up 1.2 %

OTCMKTS:ARSMF opened at 0.11 on Friday. The firm’s fifty day simple moving average is 0.12 and its 200 day simple moving average is 0.13. Ares Strategic Mining has a twelve month low of 0.09 and a twelve month high of 0.17.

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.