Seabridge Gold (TSE:SEA) Stock Crosses Below 200 Day Moving Average – Here’s Why

Shares of Seabridge Gold Inc. (TSE:SEA) (NYSE:SA) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$42.51 and traded as low as C$34.29. Seabridge Gold shares last traded at C$35.35, with a volume of 78,343 shares trading hands.

Seabridge Gold Trading Down 6.2%

The company has a market cap of C$3.80 billion, a price-to-earnings ratio of -50.50 and a beta of 2.90. The business’s fifty day moving average price is C$40.87 and its 200 day moving average price is C$42.51. The company has a debt-to-equity ratio of 46.48, a current ratio of 6.71 and a quick ratio of 3.34.

Seabridge Gold (TSE:SEA) (NYSE:SA) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C($0.06) earnings per share for the quarter. Research analysts anticipate that Seabridge Gold Inc. will post -0.31 earnings per share for the current fiscal year.

Seabridge Gold Company Profile

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.