Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Sees Significant Increase in Short Interest

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 30,300 shares, an increase of 39.0% from the September 15th total of 21,800 shares. Based on an average daily volume of 215,400 shares, the short-interest ratio is presently 0.1 days.

Ares Strategic Mining Trading Down 2.1 %

OTCMKTS:ARSMF opened at 0.12 on Tuesday. The stock has a fifty day simple moving average of 0.12 and a 200 day simple moving average of 0.13. Ares Strategic Mining has a 1-year low of 0.09 and a 1-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.