Seabridge Gold (TSE:SEA) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Seabridge Gold Inc. (TSE:SEA) (NYSE:SA) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$21.96 and traded as high as C$23.97. Seabridge Gold shares last traded at C$23.73, with a volume of 247,814 shares trading hands.

Seabridge Gold Price Performance

The company has a debt-to-equity ratio of 57.06, a quick ratio of 3.34 and a current ratio of 2.11. The business has a 50 day simple moving average of C$23.84 and a 200-day simple moving average of C$21.96. The firm has a market cap of C$2.12 billion, a price-to-earnings ratio of 263.67 and a beta of 1.09.

Seabridge Gold (TSE:SEA) (NYSE:SA) last announced its quarterly earnings results on Tuesday, August 13th. The company reported C$0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.04 by C$0.47. Equities research analysts expect that Seabridge Gold Inc. will post -0.31 earnings per share for the current year.

Insider Transactions at Seabridge Gold

In related news, Senior Officer Robert Brent Murphy sold 5,000 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of C$25.03, for a total transaction of C$125,166.00. Company insiders own 2.78% of the company’s stock.

About Seabridge Gold

Seabridge Gold Inc, together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company also explores for gold, copper, silver, and molybdenum deposits. Its principal projects are the Kerr-Sulphurets-Mitchell property and Iskut project located in British Columbia, Canada; Courageous Lake property situated in Northwest Territories, Canada; Snowstorm project situated in the Nevada; and 3 Aces project located in the Yukon Territory.