Sirios Resources (CVE:SOI) Trading Down 14.5% – Time to Sell?

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

Sirios Resources Price Performance

The firm has a market cap of C$79.12 million, a P/E ratio of -73.21 and a beta of 0.04. The company has a fifty day moving average price of C$0.12 and a two-hundred day moving average price 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 company’s stock in a transaction dated Tuesday, December 30th. The stock was sold at an average price of C$0.27, for a total value of C$27,000.00. Following the sale, the director owned 2,886,129 shares in the company, valued at approximately C$779,254.83. The trade was a 3.35% decrease in their position. Corporate 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.