Short Interest in Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Declines By 66.9%

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 135,467 shares, a decrease of 66.9% from the August 15th total of 409,804 shares. Based on an average daily trading volume, of 454,508 shares, the short-interest ratio is currently 0.3 days.

Ares Strategic Mining Trading Down 2.8%

ARSMF opened at $0.23 on Friday. Ares Strategic Mining has a 52-week low of $0.16 and a 52-week high of $0.75. The business’s 50-day simple moving average is $0.24 and its 200 day simple moving average is $0.27.

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.