Ares Strategic Mining Inc. (OTCMKTS:ARSMF – Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 76,823 shares, a drop of 43.3% from the August 31st total of 135,467 shares. Based on an average daily trading volume, of 374,519 shares, the days-to-cover ratio is currently 0.2 days.
Ares Strategic Mining Price Performance
ARSMF stock opened at $0.21 on Friday. Ares Strategic Mining has a twelve month low of $0.17 and a twelve month high of $0.75. The business’s 50-day simple moving average is $0.25 and its 200 day simple moving average is $0.25.
Ares Strategic Mining Company Profile
Ares Strategic Mining Inc is a mineral development company focused on fluorspar, also known as fluorite, an industrial mineral used in the production of hydrofluoric acid, aluminum, steel and other chemical and manufacturing applications. The company’s strategy is centered on developing a domestic source of fluorspar in the United States.
Ares Strategic Mining’s principal asset is the Lost Sheep Fluorspar Project in the Spor Mountain mining district of Juab County, Utah. The project includes multiple fluorspar claims and is being advanced through exploration, mine development and plans for processing infrastructure.
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