Short Interest in Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Rises By 1,765.6%

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 59,700 shares, an increase of 1,765.6% from the December 15th total of 3,200 shares. Based on an average daily trading volume, of 536,000 shares, the days-to-cover ratio is currently 0.1 days.

Ares Strategic Mining Stock Performance

OTCMKTS:ARSMF opened at $0.13 on Wednesday. The company’s 50-day simple moving average is $0.13 and its 200-day simple moving average is $0.12. Ares Strategic Mining has a fifty-two week low of $0.09 and a fifty-two week high of $0.17.

Ares Strategic Mining Company Profile

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.