Sirios Resources (CVE:SOI) Shares Down 12.3% – Here’s Why

Sirios Resources Inc. (CVE:SOI) shares were down 12.3% during trading on Tuesday . The stock traded as low as C$0.19 and last traded at C$0.20. Approximately 1,229,300 shares were traded during trading, an increase of 27% from the average daily volume of 969,817 shares. The stock had previously closed at C$0.23.

Sirios Resources Price Performance

The stock has a market cap of C$82.98 million, a P/E ratio of -76.79 and a beta of 0.04. The business has a 50-day simple moving average of C$0.12 and a 200 day simple moving average of C$0.09. The company has a current ratio of 3.54, a quick ratio of 9.59 and a debt-to-equity ratio of 0.26.

Insider Buying and Selling

In other Sirios Resources news, Director Dominique Doucet sold 100,000 shares of the 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 of the company’s stock, valued at approximately C$779,254.83. This represents a 3.35% decrease in their position. 19.51% of the stock is owned by insiders.

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.