Sirios Resources (CVE:SOI) Trading Down 2.1% – Should You Sell?

Sirios Resources Inc. (CVE:SOI) shares dropped 2.1% on Tuesday . The stock traded as low as C$0.22 and last traded at C$0.23. Approximately 858,127 shares were traded during trading, a decline of 4% from the average daily volume of 895,642 shares. The stock had previously closed at C$0.24.

Sirios Resources Stock Performance

The stock’s fifty day simple moving average is C$0.16 and its 200-day simple moving average is C$0.10. 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 capitalization of C$91.52 million, a PE ratio of -82.14 and a beta of 0.04.

Insiders Place Their Bets

In related news, Director Dominique Doucet sold 100,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly owned 2,886,129 shares of the company’s stock, valued at C$779,254.83. This trade represents a 3.35% decrease in their position. 19.51% of the stock is 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.