Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Short Interest Down 94.9% in August

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 2,500 shares, a decrease of 94.9% from the August 15th total of 49,000 shares. Based on an average daily volume of 137,400 shares, the days-to-cover ratio is currently 0.0 days.

Ares Strategic Mining Price Performance

Shares of OTCMKTS ARSMF traded down 0.00 during trading hours on Friday, reaching 0.12. 21,800 shares of the stock were exchanged, compared to its average volume of 102,027. Ares Strategic Mining has a 52 week low of 0.09 and a 52 week high of 0.20. The stock’s fifty day simple moving average is 0.13 and its 200 day simple moving average is 0.13.

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.