Seabridge Gold (TSE:SEA) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Seabridge Gold Inc. (TSE:SEA) (NYSE:SA) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$42.25 and traded as low as C$33.70. Seabridge Gold shares last traded at C$34.38, with a volume of 51,432 shares changing hands.

Seabridge Gold Stock Performance

The business’s fifty day moving average price is C$40.52 and its 200-day moving average price is C$42.25. The company has a debt-to-equity ratio of 46.48, a current ratio of 6.71 and a quick ratio of 3.34. The stock has a market capitalization of C$3.70 billion, a PE ratio of -49.11 and a beta of 2.90.

Seabridge Gold (TSE:SEA) (NYSE:SA) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C($0.06) EPS for the quarter. As a group, equities research analysts expect that Seabridge Gold Inc. will post -0.31 EPS for the current year.

About Seabridge Gold

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.