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

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 77,100 shares, a decline of 19.9% from the March 15th total of 96,300 shares. Based on an average daily volume of 276,700 shares, the days-to-cover ratio is currently 0.3 days.

Ares Strategic Mining Trading Up 1.7 %

Shares of OTCMKTS ARSMF opened at $0.14 on Monday. Ares Strategic Mining has a 1 year low of $0.09 and a 1 year high of $0.17. The company has a 50-day moving average price of $0.13 and a 200-day moving average price of $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.