Ares Strategic Mining Inc. (OTCMKTS:ARSMF – Get Rating) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 15,500 shares, a decline of 72.7% from the July 15th total of 56,700 shares. Based on an average trading volume of 193,000 shares, the days-to-cover ratio is presently 0.1 days.
Ares Strategic Mining Price Performance
Shares of ARSMF stock traded up 0.00 during mid-day trading on Thursday, reaching 0.30. The stock had a trading volume of 42,600 shares, compared to its average volume of 160,968. The stock's 50-day moving average price is 0.22 and its two-hundred day moving average price is 0.28. Ares Strategic Mining has a 52-week low of 0.15 and a 52-week high of 0.50.
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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.See Also
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