Seabridge Gold (TSE:SEA) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Seabridge Gold Inc. (TSE:SEA) (NYSE:SA)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$23.79 and traded as high as C$32.01. Seabridge Gold shares last traded at C$31.97, with a volume of 83,591 shares.

Seabridge Gold Price Performance

The company has a quick ratio of 3.34, a current ratio of 2.28 and a debt-to-equity ratio of 58.83. The firm’s fifty day moving average price is C$31.06 and its 200-day moving average price is C$23.79. The stock has a market cap of C$3.27 billion, a P/E ratio of -58.13 and a beta of 1.61.

Insider Transactions at Seabridge Gold

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

Seabridge Gold Company Profile

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.