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

Sirios Resources Inc. (CVE:SOI) shares dropped 12.3% during trading on Tuesday . The company traded as low as C$0.20 and last traded at C$0.20. Approximately 552,531 shares traded hands 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 Stock Down 12.3%

The company has a current ratio of 3.54, a quick ratio of 9.59 and a debt-to-equity ratio of 0.26. The company has a market cap of C$77.19 million, a price-to-earnings ratio of -71.43 and a beta of 0.04. The firm’s fifty day moving average price is C$0.12 and its 200-day moving average price is C$0.09.

Insider Activity

In other Sirios Resources news, Director Dominique Doucet sold 100,000 shares of the stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of C$0.27, for a total value of C$27,000.00. Following the transaction, the director directly owned 2,886,129 shares of the company’s stock, valued at C$779,254.83. This represents a 3.35% decrease in their position. 19.51% of the stock is currently owned by insiders.

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.