Seabridge Gold (TSE:SEA) Shares Pass Above 200-Day Moving Average – Here’s Why

Seabridge Gold Inc. (TSE:SEA) (NYSE:SA) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$37.76 and traded as high as C$48.27. Seabridge Gold shares last traded at C$47.24, with a volume of 158,788 shares changing hands.

Seabridge Gold Price Performance

The company has a quick ratio of 3.34, a current ratio of 2.99 and a debt-to-equity ratio of 55.30. The firm’s fifty day moving average price is C$45.31 and its 200 day moving average price is C$37.76. The stock has a market cap of C$5.03 billion, a PE ratio of -85.89 and a beta of 2.27.

Insider Buying and Selling at Seabridge Gold

In other news, insider Elizabeth K. Fillatre Miller sold 1,648 shares of Seabridge Gold stock in a transaction dated Monday, January 5th. The stock was sold at an average price of C$40.49, for a total value of C$66,727.52. Following the sale, the insider directly owned 32,969 shares of the company’s stock, valued at approximately C$1,334,914.81. The trade was a 4.76% decrease in their ownership of the stock. 2.78% of the stock is currently owned by insiders.

About Seabridge Gold

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.