Sirios Resources (CVE:SOI) Stock Price Down 10.1% – Here’s Why

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

Sirios Resources Price Performance

The business has a fifty day moving average of C$0.12 and a two-hundred day moving average of C$0.09. 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 firm has a market capitalization of C$73.34 million, a price-to-earnings ratio of -67.86 and a beta of 0.04.

Insider Activity

In related news, Director Dominique Doucet sold 100,000 shares of Sirios Resources stock in a transaction dated 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. The trade was a 3.35% decrease in their position. Corporate 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.