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

Shares of Seabridge Gold Inc. (TSE:SEA) (NYSE:SA) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$24.58 and traded as high as C$33.81. Seabridge Gold shares last traded at C$33.40, with a volume of 100,002 shares.

Seabridge Gold Stock Performance

The company has a debt-to-equity ratio of 58.83, a quick ratio of 3.34 and a current ratio of 2.28. The stock has a market cap of C$3.70 billion, a PE ratio of -64.47 and a beta of 1.61. The firm has a fifty day moving average price of C$32.60 and a 200 day moving average price of C$24.78.

Insider Activity at Seabridge Gold

In related news, Director Tracey Jane Arlaud sold 2,300 shares of Seabridge Gold 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 value of C$55,786.73. Following the completion of the sale, the director directly owned 11,700 shares in the company, valued at C$283,784.67. This trade represents a 16.43% decrease in their position. 2.78% of the stock is owned by 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.