Seabridge Gold (TSE:SEA) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Seabridge Gold Inc. (TSE:SEA) (NYSE:SA)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$21.51 and traded as high as C$24.05. Seabridge Gold shares last traded at C$23.53, with a volume of 46,163 shares changing hands.

Seabridge Gold Price Performance

The company has a quick ratio of 3.34, a current ratio of 2.11 and a debt-to-equity ratio of 57.06. The company has a market cap of C$2.11 billion, a price-to-earnings ratio of 261.44 and a beta of 1.11. The company has a fifty day simple moving average of C$23.13 and a two-hundred day simple moving average of C$21.51.

Seabridge Gold (TSE:SEA) (NYSE:SA) last posted its earnings results on Tuesday, August 13th. The company reported C$0.51 earnings per share for the quarter, beating the consensus estimate of C$0.04 by C$0.47. On average, equities research analysts anticipate that Seabridge Gold Inc. will post -0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Seabridge Gold

In related news, Senior Officer Julie Rachynski sold 1,396 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of C$21.45, for a total transaction of C$29,944.20. In related news, Senior Officer Christopher Justin Reynolds sold 2,123 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of C$23.06, for a total transaction of C$48,956.38. Also, Senior Officer Julie Rachynski sold 1,396 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of C$21.45, for a total value of C$29,944.20. Over the last 90 days, insiders have sold 3,819 shares of company stock valued at $86,386. Insiders own 2.78% of the company’s stock.

About Seabridge Gold

Seabridge Gold Inc, together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company also explores for gold, copper, silver, and molybdenum deposits. Its principal projects are the Kerr-Sulphurets-Mitchell property and Iskut project located in British Columbia, Canada; Courageous Lake property situated in Northwest Territories, Canada; Snowstorm project situated in the Nevada; and 3 Aces project located in the Yukon Territory.