Seabridge Gold (TSE:SEA) Stock Passes Above 200 Day Moving Average of $20.49

Seabridge Gold Inc. (TSE:SEA) (NYSE:SA) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$20.49 and traded as high as C$22.52. Seabridge Gold shares last traded at C$22.48, with a volume of 47,579 shares.

Seabridge Gold Price Performance

The stock has a market capitalization of C$2.13 billion, a P/E ratio of 264.22 and a beta of 1.11. The business’s 50 day simple moving average is C$22.01 and its two-hundred day simple moving average is C$20.59. The company has a quick ratio of 3.34, a current ratio of 2.11 and a debt-to-equity ratio of 57.06.

Seabridge Gold (TSE:SEA) (NYSE:SA) last posted its earnings results on Tuesday, August 13th. The company reported C$0.51 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.04 by C$0.47. As a group, sell-side analysts forecast that Seabridge Gold Inc. will post -0.31 earnings per share for the current fiscal year.

Insider Activity at Seabridge Gold

In related news, Director Melanie Renee Miller sold 25,000 shares of the stock in a transaction on Friday, June 28th. The stock was sold at an average price of C$18.90, for a total value of C$472,500.00. In other Seabridge Gold news, Director Melanie Renee Miller sold 25,000 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of C$18.90, for a total value of C$472,500.00. Also, Senior Officer Christopher Justin Reynolds sold 2,123 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of C$23.06, for a total transaction of C$48,956.38. Insiders have sold a total of 28,819 shares of company stock valued at $558,886 over the last 90 days. Insiders own 2.78% of the company’s stock.

Seabridge Gold Company Profile

Seabridge Gold Inc, together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company also explores for gold, copper, silver, and molybdenum deposits. Its principal projects are the Kerr-Sulphurets-Mitchell property and Iskut project located in British Columbia, Canada; Courageous Lake property situated in Northwest Territories, Canada; Snowstorm project situated in the Nevada; and 3 Aces project located in the Yukon Territory.