Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Short Interest Down 66.9% in August

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 135,467 shares, a decline of 66.9% from the August 15th total of 409,804 shares. Based on an average daily trading volume, of 454,508 shares, the short-interest ratio is presently 0.3 days.

Ares Strategic Mining Price Performance

ARSMF stock opened at $0.23 on Monday. The stock’s 50 day simple moving average is $0.24 and its 200 day simple moving average is $0.27. Ares Strategic Mining has a fifty-two week low of $0.16 and a fifty-two week high of $0.75.

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.