Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Sees Significant Decline in Short Interest

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 25,500 shares, a decrease of 72.8% from the January 15th total of 93,700 shares. Based on an average trading volume of 419,400 shares, the short-interest ratio is currently 0.1 days.

Ares Strategic Mining Trading Up 3.4 %

ARSMF opened at $0.11 on Friday. Ares Strategic Mining has a one year low of $0.09 and a one year high of $0.17. The business’s 50-day simple moving average is $0.12 and its 200-day simple moving average is $0.12.

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.