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

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 136,237 shares, an increase of 103.6% from the June 15th total of 66,913 shares. Based on an average trading volume of 632,503 shares, the short-interest ratio is currently 0.2 days.

Ares Strategic Mining Stock Performance

OTCMKTS:ARSMF opened at $0.19 on Wednesday. The firm has a 50-day moving average price of $0.22 and a two-hundred day moving average price of $0.31. Ares Strategic Mining has a twelve month low of $0.16 and a twelve month high of $0.75.

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.