Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Short Interest Up 714.5% in October

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 1,157,400 shares, a growth of 714.5% from the September 30th total of 142,100 shares. Based on an average daily volume of 7,874,000 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 7,874,000 shares, the days-to-cover ratio is currently 0.1 days.

Ares Strategic Mining Trading Down 2.9%

Shares of ARSMF stock opened at $0.31 on Wednesday. Ares Strategic Mining has a fifty-two week low of $0.09 and a fifty-two week high of $0.75. The stock has a 50 day moving average price of $0.26 and a two-hundred day moving average price of $0.21.

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.