Short Interest in Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Declines By 72.8%

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 25,500 shares, a decline of 72.8% from the January 15th total of 93,700 shares. Based on an average daily trading volume, of 419,400 shares, the days-to-cover ratio is currently 0.1 days.

Ares Strategic Mining Trading Down 2.7 %

OTCMKTS:ARSMF traded down $0.00 during mid-day trading on Wednesday, hitting $0.11. 93,646 shares of the company’s stock traded hands, compared to its average volume of 219,179. The company has a fifty day moving average of $0.13 and a 200 day moving average of $0.12. Ares Strategic Mining has a twelve month low of $0.09 and a twelve month high of $0.17.

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.