Short Interest in Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Decreases By 16.0%

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 79,761 shares, a decrease of 16.0% from the November 30th total of 94,940 shares. Based on an average daily volume of 1,038,921 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 1,038,921 shares, the days-to-cover ratio is currently 0.1 days.

Ares Strategic Mining Stock Down 1.9%

Shares of Ares Strategic Mining stock opened at $0.32 on Wednesday. The company has a 50-day simple moving average of $0.33 and a two-hundred day simple moving average of $0.26. Ares Strategic Mining has a 52-week low of $0.10 and a 52-week high of $0.75.

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.