Sirios Resources (CVE:SOI) Stock Price Up 5.1% – Here’s Why

Sirios Resources Inc. (CVE:SOI) shares rose 5.1% during mid-day trading on Thursday . The stock 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 Stock Performance

The company’s fifty day simple moving average is C$0.21 and its two-hundred day simple moving average is C$0.12. The company has a market capitalization of C$77.60 million, a price-to-earnings ratio of -69.64 and a beta of -0.44. The company has a debt-to-equity ratio of 0.26, a quick ratio of 9.59 and a current ratio of 3.54.

Insider Buying and Selling

In other Sirios Resources news, Director Dominique Doucet sold 100,000 shares of the business’s 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 completion of the sale, the director owned 2,886,129 shares in the company, valued at C$779,254.83. The trade was a 3.35% decrease in their ownership of the stock. Company 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.