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

Key Points

• Seabridge Gold's stock price has surpassed its 200-day moving average of C$17.98, trading as high as C$21.62, indicating potential strong performance in the market.
• The company has a market cap of C$1.94 billion, a PE ratio of -149.42, and key ratios indicating a strong liquidity position with a current ratio of 2.28.
• Director John William Sabine purchased 5,000 shares of the company's stock at an average price of C$19.91, which may signal confidence in the company's future prospects.

Seabridge Gold Inc. (TSE:SEA - Get Free Report) NYSE: SA shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$17.98 and traded as high as C$21.62. Seabridge Gold shares last traded at C$21.10, with a volume of 90,080 shares changing hands.

Seabridge Gold Price Performance

The business has a 50-day simple moving average of C$20.75 and a 200 day simple moving average of C$18.15. The firm has a market cap of C$2.08 billion, a P/E ratio of -159.76 and a beta of 1.09. The company has a debt-to-equity ratio of 58.83, a quick ratio of 3.34 and a current ratio of 2.28.

Insiders Place Their Bets

In related news, Director John William Sabine purchased 5,000 shares of the business's stock in a transaction on Monday, June 16th. The shares were bought at an average cost 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.

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.