Seabridge Gold Inc. (NYSE:SA - Get Free Report) TSE: SEA was the target of some unusual options trading on Monday. Stock traders purchased 8,983 call options on the company. This is an increase of approximately 307% compared to the typical daily volume of 2,205 call options.
Institutional Investors Weigh In On Seabridge Gold
A number of institutional investors and hedge funds have recently modified their holdings of the company. R Squared Ltd acquired a new position in Seabridge Gold during the fourth quarter worth approximately $28,000. Lee Danner & Bass Inc. bought a new stake in Seabridge Gold in the 4th quarter valued at $70,000. HighTower Advisors LLC acquired a new stake in Seabridge Gold during the 4th quarter valued at $118,000. Ewing Morris & Co. Investment Partners Ltd. bought a new position in Seabridge Gold during the fourth quarter worth $138,000. Finally, Uniting Wealth Partners LLC acquired a new position in shares of Seabridge Gold in the fourth quarter valued at $139,000. 34.85% of the stock is owned by institutional investors.
Seabridge Gold Stock Down 1.7 %
SA traded down $0.21 on Friday, hitting $12.30. 162,280 shares of the company were exchanged, compared to its average volume of 637,361. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.28 and a current ratio of 2.28. The stock's fifty day moving average is $11.50 and its 200-day moving average is $13.22. The company has a market cap of $1.23 billion, a PE ratio of -49.24 and a beta of 1.01. Seabridge Gold has a 12 month low of $9.40 and a 12 month high of $20.55.
Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA last released its earnings results on Thursday, March 27th. The basic materials company reported ($0.32) earnings per share for the quarter.
Seabridge Gold Company Profile
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Seabridge Gold Inc, together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company also explores for gold, copper, silver, and molybdenum deposits. The company was formerly known as Seabridge Resources Inc and changed its name to Seabridge Gold Inc in June 2002.
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