Sirios Resources (CVE:SOI) Trading Down 12.3% – Time to Sell?

Sirios Resources Inc. (CVE:SOI) shares were down 12.3% during mid-day trading on Tuesday . The company traded as low as C$0.20 and last traded at C$0.20. Approximately 552,531 shares changed hands during 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 stock has a market cap of C$73.34 million, a PE ratio of -67.86 and a beta of 0.04. 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’s fifty day moving average is C$0.12 and its 200 day moving average is C$0.09.

Insider Activity at Sirios Resources

In related news, Director Dominique Doucet sold 100,000 shares of Sirios Resources stock in a transaction 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 transaction, 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.

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.