Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Sees Large Decline in Short Interest

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 70,886 shares, a decline of 60.9% from the April 15th total of 181,352 shares. Based on an average daily trading volume, of 587,234 shares, the days-to-cover ratio is presently 0.1 days.

Ares Strategic Mining Trading Down 1.4%

Shares of OTCMKTS:ARSMF traded down $0.00 during trading on Thursday, reaching $0.28. 133,827 shares of the stock were exchanged, compared to its average volume of 622,327. Ares Strategic Mining has a 12 month low of $0.14 and a 12 month high of $0.75. The stock has a 50-day moving average price of $0.31 and a 200-day moving average price of $0.34.

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.