Seabridge Gold (TSE:SEA) Sets New 1-Year Low – Time to Sell?

Seabridge Gold Inc. (TSE:SEA) (NYSE:SA) hit a new 52-week low during mid-day trading on Friday . The stock 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 stock has a market cap of C$1.31 billion, a P/E ratio of -100.56 and a beta of 1.09. The company’s 50 day moving average price is C$16.82 and its 200-day moving average price 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 Buying and Selling

In other news, insider Pan Atlantic Holdings Ltd. (formerly: Pan Atlantic Bank and Trust Limited) acquired 4,419,179 shares of Seabridge Gold stock in a transaction dated Monday, March 3rd. The shares were bought at an average cost of C$15.32 per share, with a total value of C$67,708,892.97. 2.78% of the stock is 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.