Sirios Resources (CVE:SOI) Stock Price Down 12.3% – Should You Sell?

Sirios Resources Inc. (CVE:SOI) shares were down 12.3% during mid-day trading on Tuesday . The stock 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 Price Performance

The company has a quick ratio of 9.59, a current ratio of 3.54 and a debt-to-equity ratio of 0.26. The company has a market cap of C$73.34 million, a price-to-earnings ratio of -67.86 and a beta of 0.04. The stock’s 50-day simple moving average is C$0.12 and its 200 day simple moving average is C$0.09.

Insider Activity at Sirios Resources

In related news, Director Dominique Doucet sold 100,000 shares of the 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 completion of the transaction, the director owned 2,886,129 shares of the company’s stock, valued at approximately C$779,254.83. This trade represents 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.