Seabridge Gold (TSE:SEA) Sets New 1-Year High – Here’s Why

Seabridge Gold Inc. (TSE:SEA) (NYSE:SA) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$54.29 and last traded at C$53.72, with a volume of 170284 shares trading hands. The stock had previously closed at C$53.75.

Seabridge Gold Stock Down 2.0%

The company has a current ratio of 2.99, a quick ratio of 3.34 and a debt-to-equity ratio of 55.30. The company has a market capitalization of C$5.08 billion, a P/E ratio of -86.65 and a beta of 1.84. The firm’s 50 day moving average price is C$44.95 and its two-hundred day moving average price is C$37.01.

Insider Transactions at Seabridge Gold

In other news, insider Elizabeth K. Fillatre Miller sold 1,648 shares of the firm’s 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 completion of the transaction, the insider owned 32,969 shares in the company, valued at C$1,334,914.81. This trade represents a 4.76% decrease in their position. Insiders own 2.78% of the company’s stock.

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.