Shares of Ares Strategic Mining Inc. (OTCMKTS:ARSMF – Get Free Report) dropped 12.9% on Thursday . The company traded as low as $0.20 and last traded at $0.2020. Approximately 586,748 shares traded hands during trading, a decline of 5% from the average daily volume of 617,519 shares. The stock had previously closed at $0.2319.
Ares Strategic Mining Stock Performance
The business has a 50-day moving average of $0.28 and a two-hundred day moving average of $0.33.
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.
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