Seabridge Gold (TSE:SEA) Hits New 12-Month Low – What’s Next?

Seabridge Gold Inc. (TSE:SEA) (NYSE:SA) shares reached a new 52-week low on Friday . The stock traded as low as C$14.34 and last traded at C$14.45, with a volume of 24993 shares changing hands. The stock had previously closed at C$15.61.

Seabridge Gold Trading Down 9.0 %

The stock has a market capitalization of C$1.31 billion, a P/E ratio of -100.56 and a beta of 1.09. The firm’s 50 day simple moving average is C$16.82 and its two-hundred day simple moving average is C$19.47. The company has a quick ratio of 3.34, a current ratio of 2.28 and a debt-to-equity ratio of 58.83.

Insider Activity at Seabridge Gold

In other Seabridge Gold news, insider Pan Atlantic Holdings Ltd. (formerly: Pan Atlantic Bank and Trust Limited) acquired 4,419,179 shares of the stock in a transaction on Monday, March 3rd. The shares were purchased at an average price of C$15.32 per share, for a total transaction of C$67,708,892.97. 2.78% of the stock is currently owned by corporate insiders.

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.