Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Short Interest Up 103.6% in June

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 136,237 shares, a growth of 103.6% from the June 15th total of 66,913 shares. Based on an average trading volume of 632,503 shares, the days-to-cover ratio is presently 0.2 days.

Ares Strategic Mining Price Performance

Shares of ARSMF stock opened at $0.19 on Friday. Ares Strategic Mining has a 12 month low of $0.16 and a 12 month high of $0.75. The company’s fifty day simple moving average is $0.22 and its 200-day simple moving average is $0.30.

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.