Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Short Interest Up 1,059.5% in June

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 48,700 shares, an increase of 1,059.5% from the June 15th total of 4,200 shares. Based on an average daily trading volume, of 202,100 shares, the short-interest ratio is currently 0.2 days.

Ares Strategic Mining Price Performance

Shares of OTCMKTS:ARSMF opened at 0.14 on Friday. The business’s 50 day moving average is 0.13 and its 200 day moving average is 0.14. Ares Strategic Mining has a 52-week low of 0.09 and a 52-week high of 0.20.

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.