Seabridge Gold (TSE:SEA) Stock Crosses Above 200 Day Moving Average – What’s Next?

Seabridge Gold Inc. (TSE:SEA) (NYSE:SA) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$23.18 and traded as high as C$33.60. Seabridge Gold shares last traded at C$33.41, with a volume of 116,960 shares changing hands.

Seabridge Gold Price Performance

The business’s 50-day moving average price is C$29.98 and its 200 day moving average price is C$23.18. The stock has a market capitalization of C$3.41 billion, a PE ratio of -60.75 and a beta of 1.40. The company has a debt-to-equity ratio of 58.83, a quick ratio of 3.34 and a current ratio of 2.28.

Insider Activity

In other news, Director Tracey Jane Arlaud sold 2,300 shares of Seabridge Gold stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of C$24.26, for a total transaction of C$55,786.73. Following the completion of the sale, the director directly owned 11,700 shares of the company’s stock, valued at approximately C$283,784.67. The trade was a 16.43% decrease in their position. Corporate insiders own 2.78% of the company’s stock.

About Seabridge Gold

Seabridge Gold Inc is a development stage company involved in the evaluation, acquisition, exploration, and development of gold properties sited in North America. The company’s principal projects include the Kerr-Sulphurets-Mitchell property located in British Columbia, the Courageous Lake property located in the Northwest Territories and its newly acquired Iksut Property located in northwestern British Columbia.