Seabridge Gold (TSE:SEA) Trading Down 8.5% – Here’s What Happened

Shares of Seabridge Gold Inc. (TSE:SEAGet Free Report) (NYSE:SA) traded down 8.5% during mid-day trading on Friday . The stock traded as low as C$41.03 and last traded at C$42.08. 172,514 shares were traded during trading, an increase of 4% from the average session volume of 165,850 shares. The stock had previously closed at C$46.00.

Seabridge Gold Trading Down 8.8%

The firm has a market capitalization of C$4.53 billion, a price-to-earnings ratio of 155.37 and a beta of 2.90. The business’s fifty day moving average is C$39.25 and its 200 day moving average is C$41.59. The company has a quick ratio of 3.34, a current ratio of 2.08 and a debt-to-equity ratio of 50.77.

Seabridge Gold (TSE:SEAGet Free Report) (NYSE:SA) last announced its earnings results on Thursday, August 13th. The company reported C$1.08 earnings per share for the quarter. Equities analysts predict that Seabridge Gold Inc. will post -0.31 earnings per share for the current year.

Seabridge Gold Company Profile

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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.

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