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

Sirios Resources Inc. (CVE:SOI)’s stock price dropped 12.3% 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 mid-day 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 company has a market capitalization of C$73.34 million, a P/E ratio of -67.86 and a beta of 0.04. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.54 and a quick ratio of 9.59. The firm’s 50-day moving average is C$0.12 and its 200-day moving average is C$0.09.

Insider Activity

In other news, Director Dominique Doucet sold 100,000 shares of the company’s stock in a transaction on 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 completion of the sale, the director directly owned 2,886,129 shares in the company, 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.