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

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 59,700 shares, an increase of 1,765.6% from the December 15th total of 3,200 shares. Based on an average trading volume of 536,000 shares, the days-to-cover ratio is presently 0.1 days.

Ares Strategic Mining Stock Down 3.0 %

OTCMKTS:ARSMF traded down $0.00 during mid-day trading on Monday, hitting $0.13. The stock had a trading volume of 670,421 shares, compared to its average volume of 199,820. Ares Strategic Mining has a twelve month low of $0.09 and a twelve month high of $0.17. The stock has a 50-day simple moving average of $0.13 and a two-hundred day simple moving average of $0.12.

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.