Ares Strategic Mining Inc. (OTCMKTS:ARSMF – Get Free Report) saw a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 94,393 shares. Based on an average daily volume of 518,473 shares, the short-interest ratio is presently 0.2 days.
Ares Strategic Mining Trading Up 15.4%
OTCMKTS:ARSMF traded up $0.02 during midday trading on Friday, reaching $0.15. 264,193 shares of the stock traded hands, compared to its average volume of 430,048. The company has a fifty day moving average of $0.19 and a 200 day moving average of $0.26. Ares Strategic Mining has a 12 month low of $0.12 and a 12 month high of $0.58.
About Ares Strategic Mining
Ares Strategic Mining Inc. is a mineral exploration and development company focused on fluorspar, an industrial mineral used in products and processes such as hydrofluoric acid production, steelmaking and aluminum manufacturing. The company is developing its Lost Sheep fluorspar project in Juab County, Utah. The Lost Sheep project is located in the Spor Mountain area, a known fluorspar district. Ares has worked to advance the project toward mining and processing, with plans to produce fluorspar products for industrial customers.
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