Sirios Resources (CVE:SOI) Trading 5.1% Higher – Still a Buy?

Sirios Resources Inc. (CVE:SOI) shares rose 5.1% on Thursday . The company traded as high as C$0.21 and last traded at C$0.21. Approximately 306,666 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 809,977 shares. The stock had previously closed at C$0.20.

Sirios Resources Price Performance

The company’s fifty day moving average price is C$0.21 and its two-hundred day moving average price is C$0.12. 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$81.58 million, a price-to-earnings ratio of -73.21 and a beta of -0.44.

Insiders Place Their Bets

In other Sirios Resources news, Director Dominique Doucet sold 100,000 shares of the stock in a transaction dated Tuesday, December 30th. The stock was 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 in the company, valued at approximately C$779,254.83. This represents a 3.35% decrease in their position. Insiders own 19.51% of the company’s stock.

Sirios Resources Company Profile

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.