Seabridge Gold (TSE:SEA) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Shares of Seabridge Gold (TSE:SEA) have crossed above their 200-day moving average, indicating potential bullish momentum.
• The stock reached a high of C$24.82 and was last traded at C$24.59, with a volume of 89,985 shares.
• Director John William Sabine purchased 5,000 shares for C$99,550, reflecting confidence from company insiders.

Shares of Seabridge Gold Inc. (TSE:SEA - NYSE: SA passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$18.91 and traded as high as C$24.82. Seabridge Gold shares last traded at C$24.59, with a volume of 89,985 shares trading hands.

Seabridge Gold Price Performance

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 is C$22.23 and its 200 day moving average is C$18.91. The firm has a market capitalization of C$2.51 billion, a price-to-earnings ratio of -44.71 and a beta of 1.02.

Insider Transactions at Seabridge Gold

In other news, Director John William Sabine acquired 5,000 shares of Seabridge Gold stock in a transaction on Monday, June 16th. The shares were purchased at an average cost of C$19.91 per share, for a total transaction of C$99,550.00. 2.78% of the stock is owned by insiders.

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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