Seabridge Gold Inc (TSE:SEA) (NYSE:SA)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.27 and traded as low as $15.45. Seabridge Gold shares last traded at $15.57, with a volume of 31,372 shares trading hands.
Separately, Canaccord Genuity increased their target price on Seabridge Gold from C$28.50 to C$29.00 in a research report on Friday, July 19th.
The company has a debt-to-equity ratio of 0.07, a current ratio of 2.83 and a quick ratio of 2.70. The stock has a market capitalization of $992.85 million and a P/E ratio of -74.07. The firm has a 50-day simple moving average of C$17.66 and a 200 day simple moving average of C$17.27.
In other Seabridge Gold news, insider Gloria M. Trujillo sold 2,459 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of C$20.00, for a total value of C$49,180.00. Following the completion of the transaction, the insider now directly owns 28,852 shares in the company, valued at C$577,040. Insiders sold 3,459 shares of company stock valued at $69,495 over the last quarter.
About Seabridge Gold (TSE:SEA)
Seabridge Gold Inc, a development stage company, together with its subsidiaries, engages in the acquisition and exploration of gold properties located in North America. The company also explores for copper and silver ores. It holds a 100% interest in various North American gold resource projects. The company's principal assets are the Kerr-Sulphurets-Mitchell and Iskut properties located near Stewart, British Columbia, Canada, as well as the Courageous Lake gold project located in Canada's Northwest Territories.
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