Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Short Interest Up 23.2% in October

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 13,800 shares, an increase of 23.2% from the October 15th total of 11,200 shares. Based on an average daily volume of 184,400 shares, the days-to-cover ratio is currently 0.1 days.

Ares Strategic Mining Trading Down 1.0 %

Shares of OTCMKTS ARSMF opened at 0.11 on Friday. The firm’s 50-day simple moving average is 0.12 and its 200 day simple moving average is 0.12. Ares Strategic Mining has a 12-month low of 0.09 and a 12-month high of 0.17.

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.