Short Interest in Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Increases By 30.0%

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) saw a significant increase in short interest in the month of 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 trading volume of 308,800 shares, the days-to-cover ratio is currently 0.2 days.

Ares Strategic Mining Stock Performance

Shares of OTCMKTS:ARSMF opened at $0.13 on Wednesday. Ares Strategic Mining has a twelve month low of $0.09 and a twelve month high of $0.17. The business has a fifty day moving average of $0.11 and a 200-day moving average of $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.