Short Interest in Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Expands By 154.7%

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 101,100 shares, an increase of 154.7% from the February 29th total of 39,700 shares. Based on an average daily volume of 122,500 shares, the days-to-cover ratio is currently 0.8 days.

Ares Strategic Mining Stock Down 1.0 %

Shares of OTCMKTS:ARSMF opened at 0.15 on Thursday. Ares Strategic Mining has a one year low of 0.07 and a one year high of 0.21. The company has a 50-day simple moving average of 0.14 and a 200-day simple moving average of 0.14.

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.