Seabridge Gold (TSE:SEA) Stock Passes Above 200-Day Moving Average of $20.82

Seabridge Gold Inc. (TSE:SEA) (NYSE:SA) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$20.82 and traded as high as C$24.42. Seabridge Gold shares last traded at C$23.33, with a volume of 62,616 shares traded.

Seabridge Gold Price Performance

The company has a debt-to-equity ratio of 57.06, a current ratio of 2.11 and a quick ratio of 3.34. The company has a 50-day simple moving average of C$22.45 and a two-hundred day simple moving average of C$20.88. The stock has a market capitalization of C$2.12 billion, a price-to-earnings ratio of 259.56 and a beta of 1.11.

Seabridge Gold (TSE:SEA) (NYSE:SA) last issued its earnings results on Tuesday, August 13th. The company reported C$0.51 earnings per share for the quarter, topping the consensus estimate of C$0.04 by C$0.47. On average, equities research analysts predict that Seabridge Gold Inc. will post -0.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Melanie Renee Miller sold 25,000 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of C$18.90, for a total transaction of C$472,500.00. In related news, Senior Officer Julie Rachynski sold 1,396 shares of Seabridge Gold stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of C$21.45, for a total transaction of C$29,944.20. Also, Director Melanie Renee Miller sold 25,000 shares of Seabridge Gold stock in a transaction dated Friday, June 28th. The stock was sold at an average price of C$18.90, for a total value of C$472,500.00. Insiders have sold 28,819 shares of company stock valued at $558,886 over the last three months. Company insiders own 2.78% of the company’s stock.

Seabridge Gold Company Profile

Seabridge Gold Inc, together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company also explores for gold, copper, silver, and molybdenum deposits. Its principal projects are the Kerr-Sulphurets-Mitchell property and Iskut project located in British Columbia, Canada; Courageous Lake property situated in Northwest Territories, Canada; Snowstorm project situated in the Nevada; and 3 Aces project located in the Yukon Territory.