Seabridge Gold (NYSE:SA) Shares Gap Up – Here’s What Happened

Shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) gapped up prior to trading on Thursday . The stock had previously closed at $11.68, but opened at $11.94. Seabridge Gold shares last traded at $12.05, with a volume of 78,862 shares traded.

Seabridge Gold Stock Down 3.8 %

The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average price of $11.84 and a 200-day moving average price of $14.01. The firm has a market cap of $1.18 billion, a P/E ratio of -47.21 and a beta of 1.00.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SA. Bank of Montreal Can boosted its stake in shares of Seabridge Gold by 11.3% during the third quarter. Bank of Montreal Can now owns 449,331 shares of the basic materials company’s stock valued at $7,733,000 after purchasing an additional 45,516 shares in the last quarter. Quantbot Technologies LP boosted its position in Seabridge Gold by 3.9% during the 3rd quarter. Quantbot Technologies LP now owns 30,899 shares of the basic materials company’s stock valued at $519,000 after acquiring an additional 1,168 shares in the last quarter. Crawford Fund Management LLC increased its holdings in shares of Seabridge Gold by 50.6% in the 3rd quarter. Crawford Fund Management LLC now owns 317,089 shares of the basic materials company’s stock valued at $5,325,000 after acquiring an additional 106,500 shares during the period. Verition Fund Management LLC bought a new position in shares of Seabridge Gold in the 3rd quarter worth $339,000. Finally, Knoll Capital Management LLC raised its position in shares of Seabridge Gold by 28.6% in the 3rd quarter. Knoll Capital Management LLC now owns 317,003 shares of the basic materials company’s stock worth $5,322,000 after acquiring an additional 70,406 shares in the last quarter. Hedge funds and other institutional investors own 34.85% 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. The company was formerly known as Seabridge Resources Inc and changed its name to Seabridge Gold Inc in June 2002.