Seabridge Gold (TSE:SEA) Sets New 12-Month High – Still a Buy?

Shares of Seabridge Gold Inc. (TSE:SEA) (NYSE:SA) reached a new 52-week high on Tuesday . The company traded as high as C$45.00 and last traded at C$44.34, with a volume of 50911 shares. The stock had previously closed at C$44.70.

Seabridge Gold Stock Performance

The company has a current ratio of 2.28, a quick ratio of 3.34 and a debt-to-equity ratio of 58.83. The company’s 50-day moving average is C$39.90 and its two-hundred day moving average is C$31.63. The stock has a market capitalization of C$4.71 billion, a P/E ratio of -81.09 and a beta of 1.77.

Insider Activity

In related news, insider Elizabeth K. Fillatre Miller sold 1,648 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was 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 directly owned 32,969 shares of the company’s stock, valued at C$1,334,914.81. This represents a 4.76% decrease in their position. Corporate insiders own 2.78% of the company’s stock.

Seabridge Gold Company Profile

Seabridge holds a 100% interest in several North American gold projects. Seabridge’s principal asset, the KSM project, and its Iskut projects are located in Northwest British Columbia, Canada’s ” Golden Triangle “, the Courageous Lake project is in Canada’s Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project is in the Yukon Territory.