Seabridge Gold (TSE:SEA) Shares Cross Above 200-Day Moving Average – What’s Next?

Seabridge Gold Inc. (TSE:SEA) (NYSE:SA) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$22.39 and traded as high as C$33.13. Seabridge Gold shares last traded at C$32.87, with a volume of 130,736 shares changing hands.

Seabridge Gold Stock Up 0.2%

The stock has a market cap of C$3.36 billion, a PE ratio of -59.76 and a beta of 1.40. The company has a debt-to-equity ratio of 58.83, a current ratio of 2.28 and a quick ratio of 3.34. The company has a 50 day moving average price of C$28.81 and a two-hundred day moving average price of C$22.39.

Insider Activity at Seabridge Gold

In other news, Director Tracey Jane Arlaud sold 2,300 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of C$24.26, for a total transaction of C$55,786.73. Following the completion of the transaction, the director directly owned 11,700 shares of the company’s stock, valued at C$283,784.67. The trade was a 16.43% decrease in their ownership of the stock. 2.78% of the stock is owned by corporate insiders.

About Seabridge Gold

Seabridge Gold Inc is a development stage company involved in the evaluation, acquisition, exploration, and development of gold properties sited in North America. The company’s principal projects include the Kerr-Sulphurets-Mitchell property located in British Columbia, the Courageous Lake property located in the Northwest Territories and its newly acquired Iksut Property located in northwestern British Columbia.