Seabridge Gold (TSE:SEA) Sets New 52-Week High - Still a Buy?

Key Points

• Seabridge Gold shares reached a new 52-week high of C$31.74, showing a notable increase of 7.0% from its previous closing price of C$30.56.
• The company has a market capitalization of C$3.34 billion, with a quick ratio of 3.34 and a current ratio of 2.28, indicating strong liquidity.
• Insider activity showed Director Tracey Jane Arlaud sold 2,300 shares at C$24.26, leading to a 16.43% decrease in personal ownership of the stock, emphasizing cautious sentiment among insiders.

Seabridge Gold Inc. (TSE:SEA - NYSE: SA shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$31.74 and last traded at C$31.70, with a volume of 97141 shares changing hands. The stock had previously closed at C$30.56.

Seabridge Gold Stock Up 7.0%

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 has a market cap of C$3.34 billion, a PE ratio of -59.45 and a beta of 1.02. The firm's 50 day moving average is C$24.18 and its 200-day moving average is C$20.15.

Insider Buying and Selling

In related news, Director Tracey Jane Arlaud sold 2,300 shares of the company'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 transaction of C$55,786.73. Following the completion of the transaction, the director owned 11,700 shares of the company's stock, valued at approximately C$283,784.67. This represents a 16.43% decrease in their ownership of the stock. Company insiders own 2.78% of the company's stock.

About Seabridge Gold

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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