Short Interest in Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Expands By 78.0%

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 45,400 shares, a growth of 78.0% from the January 31st total of 25,500 shares. Based on an average daily trading volume, of 318,900 shares, the short-interest ratio is presently 0.1 days.

Ares Strategic Mining Trading Down 5.2 %

Shares of OTCMKTS:ARSMF opened at $0.11 on Tuesday. The business’s 50-day simple moving average is $0.12 and its 200 day simple moving average is $0.12. Ares Strategic Mining has a one year low of $0.09 and a one year 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.