Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Short Interest Update

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

Ares Strategic Mining Price Performance

Shares of OTCMKTS:ARSMF opened at $0.11 on Friday. Ares Strategic Mining has a 12 month low of $0.09 and a 12 month high of $0.17. The company’s 50-day moving average price is $0.12 and its two-hundred day moving average price is $0.12.

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.