Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Short Interest Update

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 70,886 shares, a decrease of 60.9% from the April 15th total of 181,352 shares. Based on an average daily volume of 587,234 shares, the short-interest ratio is currently 0.1 days.

Ares Strategic Mining Price Performance

Shares of ARSMF stock opened at $0.28 on Friday. The stock’s 50-day simple moving average is $0.31 and its 200-day simple moving average is $0.34. Ares Strategic Mining has a fifty-two week low of $0.14 and a fifty-two week high of $0.75.

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.