Sirios Resources (CVE:SOI) Stock Price Down 12.3% – Time to Sell?

Shares of Sirios Resources Inc. (CVE:SOI) were down 12.3% on Tuesday . The company traded as low as C$0.20 and last traded at C$0.20. Approximately 552,531 shares were traded during mid-day trading, a decline of 12% from the average daily volume of 625,037 shares. The stock had previously closed at C$0.23.

Sirios Resources Price Performance

The company has a debt-to-equity ratio of 0.26, a quick ratio of 9.59 and a current ratio of 3.54. The company has a market cap of C$79.12 million, a price-to-earnings ratio of -73.21 and a beta of 0.04. The business has a fifty day moving average price of C$0.12 and a 200 day moving average price of C$0.09.

Insider Activity

In related 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 sale, the director directly owned 2,886,129 shares of the company’s stock, valued at approximately C$779,254.83. The trade was a 3.35% decrease in their position. Company insiders own 19.51% of the company’s stock.

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.