Seabridge Gold (TSE:SEA) Reaches New 1-Year Low - Here's Why

Seabridge Gold Inc. (TSE:SEA - Get Free Report) NYSE: SA's share price hit a new 52-week low during 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. The stock had previously closed at C$15.61.

Seabridge Gold Stock Up 8.6 %

The company has a market cap of C$1.39 billion, a P/E ratio of -106.79 and a beta of 1.09. The company has a debt-to-equity ratio of 58.83, a current ratio of 2.28 and a quick ratio of 3.34. The stock has a fifty day moving average price of C$16.64 and a two-hundred day moving average price of C$19.24.

Insider Activity at Seabridge Gold

In other news, insider Pan Atlantic Holdings Ltd. (formerly: Pan Atlantic Bank and Trust Limited) purchased 4,419,179 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average cost of C$15.32 per share, for a total transaction of C$67,708,892.97. 2.78% of the stock is currently owned by insiders.

About Seabridge Gold

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.