Seabridge Gold (TSE:SEA) Stock Passes Above 200-Day Moving Average – Should You Sell?

Shares of Seabridge Gold Inc. (TSE:SEA) (NYSE:SA) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$25.31 and traded as high as C$36.08. Seabridge Gold shares last traded at C$35.53, with a volume of 89,535 shares traded.

Seabridge Gold Stock Performance

The firm has a market cap of C$3.71 billion, a PE ratio of -64.60 and a beta of 1.61. The firm has a 50-day moving average price of C$33.23 and a two-hundred day moving average price of C$25.31. 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 Activity

In other Seabridge Gold news, Director Tracey Jane Arlaud sold 2,300 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of C$24.26, for a total transaction of C$55,786.73. Following the transaction, the director directly owned 11,700 shares in the company, valued at C$283,784.67. This represents a 16.43% decrease in their ownership of the stock. Company 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.