Seabridge Gold (TSE:SEA) Hits New 52-Week High – Should You Buy?

Seabridge Gold Inc. (TSE:SEA) (NYSE:SA)’s share price reached a new 52-week high on Tuesday . The company traded as high as C$45.00 and last traded at C$44.34, with a volume of 50911 shares trading hands. The stock had previously closed at C$44.70.

Seabridge Gold Stock Performance

The company has a market capitalization of C$4.71 billion, a PE ratio of -81.09 and a beta of 1.77. The stock’s fifty day simple moving average is C$39.90 and its 200-day simple moving average is C$31.63. The company has a quick ratio of 3.34, a current ratio of 2.28 and a debt-to-equity ratio of 58.83.

Insider Buying and Selling at Seabridge Gold

In related news, insider Elizabeth K. Fillatre Miller sold 1,648 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of C$40.49, for a total transaction of C$66,727.52. Following the sale, the insider owned 32,969 shares in the company, valued at C$1,334,914.81. This represents a 4.76% decrease in their ownership of the stock. 2.78% of the stock is currently owned by corporate insiders.

Seabridge Gold Company Profile

Seabridge holds a 100% interest in several North American gold projects. Seabridge’s principal asset, the KSM project, and its Iskut projects are located in Northwest British Columbia, Canada’s ” Golden Triangle “, the Courageous Lake project is in Canada’s Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project is in the Yukon Territory.