Sirios Resources (CVE:SOI) Shares Down 14.5% – Should You Sell?

Sirios Resources Inc. (CVE:SOI)’s share price was down 14.5% during mid-day trading on Tuesday . The stock traded as low as C$0.19 and last traded at C$0.20. Approximately 1,078,135 shares were traded during trading, an increase of 29% from the average daily volume of 838,060 shares. The stock had previously closed at C$0.23.

Sirios Resources Stock Down 2.6%

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 stock has a market cap of C$73.34 million, a PE ratio of -67.86 and a beta of 0.04. The firm has a fifty day moving average of C$0.12 and a 200 day moving average of C$0.09.

Insider Buying and Selling at Sirios Resources

In other news, Director Dominique Doucet sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, December 30th. The stock was sold at an average price of C$0.27, for a total transaction of C$27,000.00. Following the sale, the director owned 2,886,129 shares of the company’s stock, valued at approximately C$779,254.83. This trade represents a 3.35% decrease in their position. Company insiders own 19.51% of the company’s stock.

Sirios Resources Company Profile

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.