Seabridge Gold (TSE:SEA) Shares Cross Below Two Hundred Day Moving Average - Here's Why

Key Points

• Shares fell below the 200-day moving average: Seabridge stock traded as low as C$34.81 and last at C$34.84, beneath its 200‑day MA of C$38.83, and was down about 4.3% on the day.
• Company remains unprofitable: Seabridge reported C($0.44) EPS for the last quarter, is expected to post about C($0.31) for the year, carries a negative P/E of -63.35 and has a market cap of roughly C$3.71 billion.

Seabridge Gold Inc. (TSE:SEA - Get Free Report) NYSE: SA's share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$38.83 and traded as low as C$34.81. Seabridge Gold shares last traded at C$34.84, with a volume of 204,731 shares.

Seabridge Gold Trading Down 4.3%

The business's 50-day moving average price is C$44.36 and its two-hundred day moving average price is C$38.83. The company has a debt-to-equity ratio of 55.30, a current ratio of 2.99 and a quick ratio of 3.34. The firm has a market cap of C$3.71 billion, a price-to-earnings ratio of -63.35 and a beta of 2.27.

Seabridge Gold (TSE:SEA - Get Free Report) NYSE: SA last announced its quarterly earnings data on Thursday, March 26th. The company reported C($0.44) earnings per share (EPS) for the quarter. Equities analysts expect that Seabridge Gold Inc. will post -0.31 earnings per share for the current year.

Insider Buying and Selling at Seabridge Gold

In other Seabridge Gold news, insider Elizabeth K. Fillatre Miller sold 1,648 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of C$40.49, for a total transaction of C$66,727.52. Following the transaction, the insider owned 32,969 shares of the company's stock, valued at C$1,334,914.81. This represents a 4.76% decrease in their position. 2.78% of the stock is currently owned by corporate insiders.

About Seabridge Gold

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.

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