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

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 142,100 shares, a growth of 28,320.0% from the September 15th total of 500 shares. Based on an average daily volume of 642,000 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 642,000 shares, the short-interest ratio is currently 0.2 days.

Ares Strategic Mining Price Performance

Shares of OTCMKTS:ARSMF opened at $0.40 on Friday. Ares Strategic Mining has a fifty-two week low of $0.09 and a fifty-two week high of $0.75. The company’s 50-day moving average is $0.24 and its 200 day moving average is $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.