Seabridge Gold (TSE:SEA) Shares Cross Above 200-Day Moving Average - Should You Sell?

Key Points

• Seabridge Gold's shares have surpassed their 200-day moving average, trading as high as C$22.71, indicating a positive trend in the stock's performance.
• The company has a market capitalization of C$2.07 billion and operates with a high debt-to-equity ratio of 58.83.
• Director John William Sabine recently acquired 5,000 shares at an average price of C$19.91, reflecting insider confidence in the company's prospects.

Seabridge Gold Inc. (TSE:SEA - Get Free Report) NYSE: SA shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$18.45 and traded as high as C$22.71. Seabridge Gold shares last traded at C$22.46, with a volume of 99,036 shares traded.

Seabridge Gold Price Performance

The firm has a market cap of C$2.14 billion, a price-to-earnings ratio of -165.07 and a beta of 1.09. 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 company's 50-day moving average price is C$21.60 and its 200-day moving average price is C$18.57.

Insider Activity

In other Seabridge Gold news, Director John William Sabine purchased 5,000 shares of Seabridge Gold stock in a transaction dated Monday, June 16th. The shares were acquired at an average price of C$19.91 per share, with a total value of C$99,550.00. Corporate 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.