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Sirios Resources shares fell 14.3% to C$0.06 on heavy volume, with no stated reason for the drop.
Sirios Resources (CVE:SOI) shares dropped 14.3% on Friday, closing at C$0.06 amid a surge in trading volume to 1.02 million shares, an 182% increase from average levels.
The company, exploring gold and silver in Quebec, has a market cap of C$23.16 million and operates the Cheechoo gold project across 157 square kilometers.
Its 50-day and 200-day moving averages are C$0.07 and C$0.06, respectively.
No specific reason for the decline was provided, though the stock’s negative P/E ratio and low beta were noted.
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Las acciones de Sirios Resources cayeron un 14,3% a 0,06 dólares canadienses en un volumen elevado, sin que se indique la razón de la caída.