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Seabridge Gold (TSE:SEA) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Seabridge Gold logo with Basic Materials background

Key Points

  • Seabridge Gold's stock price rose above its two hundred day moving average of C$18.23, reaching as high as C$23.20 during trading.
  • Director John William Sabine purchased 5,000 shares at an average price of C$19.91, indicating insider confidence in the company's future.
  • The company operates in the gold exploration sector with significant projects in British Columbia and the Northwest Territories, signifying its focus on acquiring and developing gold properties.
  • MarketBeat previews top five stocks to own in October.

Seabridge Gold Inc. (TSE:SEA - Get Free Report) NYSE: SA's stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$18.23 and traded as high as C$23.20. Seabridge Gold shares last traded at C$23.16, with a volume of 82,854 shares trading hands.

Seabridge Gold Trading Up 0.9%

The firm has a market cap of C$2.13 billion, a PE ratio of -163.79 and a beta of 1.09. The company's fifty day moving average price is C$21.20 and its two-hundred day moving average price is C$18.35. The company has a quick ratio of 3.34, a current ratio of 2.28 and a debt-to-equity ratio of 58.83.

Insider Buying and Selling at Seabridge Gold

In other news, Director John William Sabine bought 5,000 shares of the 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. 2.78% of the stock is currently owned by insiders.

About Seabridge Gold

(Get Free Report)

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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