Ares Strategic Mining Inc. (OTCMKTS:ARSMF – Get Rating) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 56,700 shares, an increase of 11,240.0% from the June 30th total of 500 shares. Based on an average trading volume of 202,400 shares, the short-interest ratio is currently 0.3 days.
Ares Strategic Mining Price Performance
Shares of Ares Strategic Mining stock opened at 0.25 on Thursday. The company's fifty day simple moving average is 0.22 and its two-hundred day simple moving average is 0.29. Ares Strategic Mining has a 12-month low of 0.15 and a 12-month high of 0.54.
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Ares Strategic Mining Inc, a junior natural resource mining company, acquires and explores for fluorspar properties. 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 67 claims covering an area of approximately 1,447 acres located in western Utah, the United States; and the Liard Fluorspar property, which includes 14 claims located in British Columbia.Further Reading
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