Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Sees Large Increase in Short Interest

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 96,300 shares, a growth of 63.2% from the February 28th total of 59,000 shares. Based on an average daily volume of 272,900 shares, the short-interest ratio is presently 0.4 days.

Ares Strategic Mining Trading Up 5.0 %

Shares of ARSMF opened at $0.15 on Friday. Ares Strategic Mining has a fifty-two week low of $0.09 and a fifty-two week high of $0.17. The company’s fifty day moving average is $0.12 and its two-hundred day 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.