Short Interest in Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Decreases By 95.8%

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) was the target of a large drop in short interest in December. As of December 15th, there was short interest totalling 3,200 shares, a drop of 95.8% from the November 30th total of 76,600 shares. Based on an average daily volume of 317,600 shares, the days-to-cover ratio is currently 0.0 days.

Ares Strategic Mining Stock Performance

Ares Strategic Mining stock traded up $0.01 during trading on Friday, reaching $0.14. 154,360 shares of the company were exchanged, compared to its average volume of 111,147. The stock’s 50 day simple moving average is $0.12 and its two-hundred day simple moving average is $0.12. Ares Strategic Mining has a 52-week low of $0.09 and a 52-week high of $0.17.

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.