Seabridge Gold (TSE:SEA) Hits New 52-Week High – Time to Buy?

Seabridge Gold Inc. (TSE:SEA) (NYSE:SA) reached a new 52-week high during trading on Monday . The company traded as high as C$44.75 and last traded at C$43.97, with a volume of 53920 shares traded. The stock had previously closed at C$42.93.

Seabridge Gold Price Performance

The company has a debt-to-equity ratio of 58.83, a quick ratio of 3.34 and a current ratio of 2.28. The company has a 50-day moving average of C$38.54 and a 200-day moving average of C$30.64. The firm has a market capitalization of C$4.53 billion, a price-to-earnings ratio of -79.02 and a beta of 1.77.

Insiders Place Their Bets

In other news, insider Elizabeth K. Fillatre Miller sold 1,648 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of C$40.49, for a total value of C$66,727.52. Following the completion of the transaction, the insider owned 32,969 shares in the company, valued at C$1,334,914.81. This represents a 4.76% decrease in their ownership of the stock. Insiders own 2.78% of the company’s stock.

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. It has various other mineral resource projects throughout North America.