Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Short Interest Up 40.0% in April

Ares Strategic Mining Inc. (OTCMKTS:ARSMFGet Free Report) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 30,800 shares, a growth of 40.0% from the April 15th total of 22,000 shares. Based on an average daily volume of 224,500 shares, the days-to-cover ratio is currently 0.1 days.

Ares Strategic Mining Stock Performance

Shares of ARSMF traded down 0.01 during trading on Monday, reaching 0.14. The company’s stock had a trading volume of 509,000 shares, compared to its average volume of 97,656. The company has a fifty day moving average of 0.14 and a two-hundred day moving average of 0.14. Ares Strategic Mining has a twelve month low of 0.09 and a twelve month high of 0.21.

About Ares Strategic Mining

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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.

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