Short Interest in Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Declines By 87.5%

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totalling 4,200 shares, a decline of 87.5% from the May 31st total of 33,500 shares. Based on an average daily volume of 150,500 shares, the days-to-cover ratio is currently 0.0 days.

Ares Strategic Mining Stock Performance

Shares of ARSMF stock opened at 0.12 on Friday. Ares Strategic Mining has a fifty-two week low of 0.09 and a fifty-two week high of 0.20. The stock’s fifty day moving average is 0.13 and its two-hundred day moving average is 0.14.

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.