Seabridge Gold (TSE:SEA) Stock Price Down 8.5% – Here’s What Happened

Seabridge Gold Inc. (TSE:SEAGet Free Report) (NYSE:SA) was down 8.5% during trading on Friday . The stock traded as low as C$41.03 and last traded at C$42.08. Approximately 172,514 shares changed hands during mid-day trading, an increase of 4% from the average daily volume of 165,850 shares. The stock had previously closed at C$46.00.

Seabridge Gold Trading Down 9.8%

The company has a debt-to-equity ratio of 50.77, a current ratio of 2.08 and a quick ratio of 3.34. The firm has a market capitalization of C$4.48 billion, a PE ratio of 153.74 and a beta of 2.90. The company’s fifty day simple moving average is C$39.30 and its 200-day simple moving average is C$41.59.

Seabridge Gold (TSE:SEAGet Free Report) (NYSE:SA) last released its earnings results on Thursday, August 13th. The company reported C$1.08 EPS for the quarter. As a group, sell-side analysts expect that Seabridge Gold Inc. will post -0.31 earnings per share for the current fiscal year.

About Seabridge Gold

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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.

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