Seabridge Gold (TSE:SEA) Sets New 1-Year High – What’s Next?

Seabridge Gold Inc. (TSE:SEA) (NYSE:SA) hit a new 52-week high on Monday . The company traded as high as C$44.75 and last traded at C$43.97, with a volume of 53920 shares changing hands. The stock had previously closed at C$42.93.

Seabridge Gold Stock Down 0.1%

The firm has a market cap of C$4.51 billion, a P/E ratio of -78.64 and a beta of 1.77. The company has a current ratio of 2.28, a quick ratio of 3.34 and a debt-to-equity ratio of 58.83. The business has a 50-day moving average price of C$38.99 and a 200-day moving average price of C$30.97.

Insider Activity

In related news, insider Elizabeth K. Fillatre Miller sold 1,648 shares of Seabridge Gold stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of C$40.49, for a total transaction of C$66,727.52. Following the transaction, the insider directly owned 32,969 shares of the company’s stock, valued at C$1,334,914.81. This trade represents a 4.76% decrease in their ownership of the stock. Corporate 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.