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

Key Points

• Seabridge Gold's stock price has surpassed its 200-day moving average of C$17.82, trading as high as C$22.64 during the session.
• The company currently has a market cap of C$2.04 billion and operates with a negative price-to-earnings ratio of -156.71.
• Insider Director John William Sabine purchased 5,000 shares at C$19.91 each, indicating confidence in the company's stock performance.

Shares of Seabridge Gold Inc. (TSE:SEA - Get Free Report) NYSE: SA crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.82 and traded as high as C$22.64. Seabridge Gold shares last traded at C$22.13, with a volume of 108,147 shares trading hands.

Seabridge Gold Price Performance

The stock has a market capitalization of C$2.00 billion, a price-to-earnings ratio of -153.81 and a beta of 1.09. The company has a current ratio of 2.28, a quick ratio of 3.34 and a debt-to-equity ratio of 58.83. The stock has a fifty day moving average of C$19.87 and a two-hundred day moving average of C$17.86.

Insider Activity at Seabridge Gold

In other Seabridge Gold news, Director John William Sabine bought 5,000 shares of the firm's stock in a transaction on Monday, June 16th. The stock was purchased at an average cost 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.

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.