Seabridge Gold (TSE:SEA) Sets New 52-Week Low – Should You Sell?

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

Seabridge Gold Price Performance

The company has a 50-day moving average price of C$16.89 and a 200-day moving average price of C$19.50. The firm has a market capitalization of C$1.33 billion, a P/E ratio of -102.40 and a beta of 1.09. The company has a debt-to-equity ratio of 58.83, a quick ratio of 3.34 and a current ratio of 2.28.

Insider Transactions at Seabridge Gold

In other Seabridge Gold news, insider Pan Atlantic Holdings Ltd. (formerly: Pan Atlantic Bank and Trust Limited) bought 4,419,179 shares of Seabridge Gold stock in a transaction on Monday, March 3rd. The shares were purchased at an average cost of C$15.32 per share, for a total transaction of C$67,708,892.97. Corporate 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.