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

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 59,000 shares, an increase of 30.0% from the February 13th total of 45,400 shares. Based on an average daily volume of 308,800 shares, the days-to-cover ratio is currently 0.2 days.

Ares Strategic Mining Stock Down 2.1 %

OTCMKTS:ARSMF opened at $0.12 on Monday. The company has a 50 day moving average price of $0.12 and a 200-day moving average price of $0.12. Ares Strategic Mining has a 1-year low of $0.09 and a 1-year high of $0.17.

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.