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

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) was the target of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 33,500 shares, an increase of 51.6% from the May 15th total of 22,100 shares. Based on an average daily trading volume, of 270,500 shares, the days-to-cover ratio is currently 0.1 days.

Ares Strategic Mining Stock Up 4.4 %

Shares of ARSMF traded up 0.01 during trading hours on Friday, hitting 0.13. 126,400 shares of the stock were exchanged, compared to its average volume of 105,933. The stock’s 50-day moving average price is 0.14 and its two-hundred day moving average price is 0.14. Ares Strategic Mining has a 12-month low of 0.09 and a 12-month high of 0.20.

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.