Sirios Resources (CVE:SOI) Shares Down 10.1% – Here’s What Happened

Shares of Sirios Resources Inc. (CVE:SOI) were down 10.1% on Tuesday . The company traded as low as C$0.19 and last traded at C$0.21. Approximately 1,178,410 shares traded hands during trading, an increase of 24% from the average daily volume of 952,095 shares. The stock had previously closed at C$0.23.

Sirios Resources Stock Performance

The firm has a fifty day moving average of C$0.12 and a 200-day moving average of C$0.09. The company has a quick ratio of 9.59, a current ratio of 3.54 and a debt-to-equity ratio of 0.26. The firm has a market cap of C$82.98 million, a P/E ratio of -76.79 and a beta of 0.04.

Insider Activity at Sirios Resources

In other news, Director Dominique Doucet sold 100,000 shares of Sirios Resources stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of C$0.27, for a total transaction of C$27,000.00. Following the completion of the sale, the director owned 2,886,129 shares in the company, valued at C$779,254.83. The trade was a 3.35% decrease in their position. 19.51% of the stock is currently owned by corporate insiders.

About Sirios Resources

Sirios Resources Inc engages in the exploration and evaluation of mineral resources in Canada. The company primarily explores for gold and silver deposits. Its flagship project is the Cheechoo gold project that consists of three non-contiguous blocks comprising 306 claims covering an area of 157 square kilometers in Quebec. The company was incorporated in 1994 and is based in Montreal, Canada.