Seabridge Gold (TSE:SEA) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Seabridge Gold Inc. (TSE:SEA) (NYSE:SA)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$38.48 and traded as high as C$40.59. Seabridge Gold shares last traded at C$37.00, with a volume of 271,752 shares traded.

Seabridge Gold Stock Performance

The firm has a market capitalization of C$3.59 billion, a PE ratio of -61.18 and a beta of 2.27. The company has a debt-to-equity ratio of 55.30, a quick ratio of 3.34 and a current ratio of 2.99. The company’s fifty day moving average price is C$44.99 and its two-hundred day moving average price is C$38.51.

Insiders Place Their Bets

In other Seabridge Gold news, insider Elizabeth K. Fillatre Miller sold 1,648 shares of Seabridge Gold stock in a transaction on Monday, January 5th. The shares were sold at an average price of C$40.49, for a total value of C$66,727.52. Following 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. 2.78% of the stock is currently owned by corporate 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.