Seabridge Gold (TSE:SEA) Hits New 12-Month High - Time to Buy?

Key Points

• Seabridge Gold's stock reached a new 52-week high of C$35.46 during midday trading, reflecting a recent increase in investor interest.
• The company has a market capitalization of C$3.55 billion and its share price has seen a significant rise with a 50-day moving average of C$25.83.
• Insider sales of the stock have occurred, with Director Tracey Jane Arlaud selling 2,300 shares, indicating a 16.43% decrease in their holdings.

Seabridge Gold Inc. (TSE:SEA - NYSE: SA's share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$35.46 and last traded at C$34.87, with a volume of 43152 shares trading hands. The stock had previously closed at C$34.33.

Seabridge Gold Trading Up 1.1%

The firm has a market capitalization of C$3.55 billion, a P/E ratio of -63.13 and a beta of 1.40. The company has a quick ratio of 3.34, a current ratio of 2.28 and a debt-to-equity ratio of 58.83. The firm's 50-day simple moving average is C$25.83 and its 200-day simple moving average is C$20.95.

Insider Buying and Selling at Seabridge Gold

In other news, Director Tracey Jane Arlaud sold 2,300 shares of the business's 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 approximately C$283,784.67. The trade was a 16.43% decrease in their position. In the last three months, insiders have sold 2,900 shares of company stock valued at $72,579. Insiders own 2.78% of the company's stock.

Seabridge Gold Company Profile

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.

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