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

Shares of Seabridge Gold Inc. (TSE:SEA) (NYSE:SA) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$23.79 and traded as high as C$32.01. Seabridge Gold shares last traded at C$31.97, with a volume of 83,591 shares traded.

Seabridge Gold Trading Up 1.4%

The stock’s 50-day simple moving average is C$31.06 and its 200-day simple moving average is C$23.79. The firm has a market capitalization of C$3.27 billion, a PE ratio of -58.13 and a beta of 1.61. 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 Buying and Selling

In other Seabridge Gold news, Director Tracey Jane Arlaud sold 2,300 shares of Seabridge Gold stock in a transaction that occurred 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 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. 2.78% of the stock is owned by company insiders.

Seabridge Gold Company Profile

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.