Seabridge Gold (NYSE:SA) Shares Gap Down - Here's Why

Seabridge Gold Inc. (NYSE:SA - Get Free Report) TSE: SEA's share price gapped down before the market opened on Monday . The stock had previously closed at $12.48, but opened at $12.22. Seabridge Gold shares last traded at $12.56, with a volume of 232,441 shares traded.

Seabridge Gold Price Performance

The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average of $11.49 and a 200 day moving average of $13.37. The firm has a market capitalization of $1.26 billion, a PE ratio of -50.20 and a beta of 1.01.

Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA last announced its earnings results on Thursday, March 27th. The basic materials company reported ($0.32) EPS for the quarter.

Institutional Trading of Seabridge Gold

Institutional investors and hedge funds have recently modified their holdings of the business. R Squared Ltd purchased a new stake in Seabridge Gold during the fourth quarter worth about $28,000. Lee Danner & Bass Inc. purchased a new stake in Seabridge Gold in the fourth quarter worth $70,000. HighTower Advisors LLC bought a new stake in shares of Seabridge Gold in the fourth quarter valued at $118,000. Ewing Morris & Co. Investment Partners Ltd. purchased a new position in shares of Seabridge Gold during the 4th quarter valued at $138,000. Finally, Uniting Wealth Partners LLC purchased a new position in shares of Seabridge Gold during the 4th quarter valued at $139,000. 34.85% of the stock is owned by hedge funds and other institutional investors.

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. The company was formerly known as Seabridge Resources Inc and changed its name to Seabridge Gold Inc in June 2002.