Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Short Interest Up 1,765.6% in December

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 59,700 shares, an increase of 1,765.6% from the December 15th total of 3,200 shares. Based on an average trading volume of 536,000 shares, the days-to-cover ratio is presently 0.1 days.

Ares Strategic Mining Price Performance

Shares of ARSMF stock opened at $0.13 on Wednesday. Ares Strategic Mining has a fifty-two week low of $0.09 and a fifty-two week high of $0.17. The stock’s 50-day simple moving average is $0.13 and its 200-day simple moving average is $0.12.

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.