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

Seabridge Gold Inc. (TSE:SEA) (NYSE:SA) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$41.11 and traded as low as C$37.68. Seabridge Gold shares last traded at C$38.06, with a volume of 89,953 shares trading hands.

Seabridge Gold Stock Performance

The company has a market capitalization of C$3.98 billion, a P/E ratio of 136.81 and a beta of 3.00. The stock’s fifty day moving average price is C$42.66 and its 200-day moving average price is C$41.12. The company has a debt-to-equity ratio of 50.77, a quick ratio of 3.34 and a current ratio of 2.08.

Seabridge Gold (TSE:SEA) (NYSE:SA) last posted its quarterly earnings results on Thursday, August 13th. The company reported C$1.08 EPS for the quarter. As a group, research analysts anticipate that Seabridge Gold Inc. will post -0.31 EPS 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.