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

Key Points

• Seabridge Gold Inc. (TSE:SEA) has seen its stock price rise above the two hundred day moving average, trading as high as C$23.18 before closing at C$22.70.
• The company, with a market cap of C$2.09 billion, has a high debt-to-equity ratio of 58.83 and a P/E ratio of -160.75.
• Director John William Sabine recently purchased 5,000 shares at an average price of C$19.91, indicating insider confidence in the company.

Seabridge Gold Inc. (TSE:SEA - Get Free Report) NYSE: SA's stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$18.63 and traded as high as C$23.18. Seabridge Gold shares last traded at C$22.70, with a volume of 119,075 shares changing hands.

Seabridge Gold Trading Up 5.6%

The company has a debt-to-equity ratio of 58.83, a quick ratio of 3.34 and a current ratio of 2.28. The company has a 50 day simple moving average of C$21.78 and a two-hundred day simple moving average of C$18.67. The company has a market cap of C$2.45 billion, a PE ratio of -43.60 and a beta of 1.01.

Insiders Place Their Bets

In other Seabridge Gold news, Director John William Sabine bought 5,000 shares of the stock in a transaction on Monday, June 16th. The shares were bought 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 company 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.