Seabridge Gold (SA) : During the past 4 weeks, traders have been relatively bearish on Seabridge Gold (SA), hence the stock is down -6.65% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.04% relative to the S&P 500. The 4-week change in the price of the stock is -5.69% and the stock has fallen -0.98% in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.71% and the 50-Day Moving Average is 4.08%. Seabridge Gold (NYSE:SA): On Fridays trading session , Opening price of the stock was $13.4 with an intraday high of $13.5. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $12.96. However, the stock managed to close at $13.1, a loss of 0.76% for the day. On the previous day, the stock had closed at $13.2. The total traded volume of the day was 626,888 shares.
The company Insiders own 12.75% of Seabridge Gold shares according to the proxy statements. Institutional Investors own 20.37% of Seabridge Gold shares.
Seabridge Gold Inc. (Seabridge) is a development stage company engaged in the acquisition and exploration of gold properties located in North America. The Companys objective is to provide its shareholders with leverage to a rising gold price. Seabridges principal projects include the KSM (Kerr-Sulphurets-Mitchell) property located in British Columbia and the Courageous Lake property located in the Northwest Territories. The KSM property consists of three discontinuous claim blocks, which include the KSM claim group, the Seabee/Tina claims and the KSM placer claim block. The first two claim blocks (KSM and Seabee/Tina) contain two mineral leases and 71 mineral claims, consisting of both cell and legacy claims. The total area of the first two claim blocks is 50,500 hectares. The Courageous Lake Project is a gold project and consists of 61 federal mining leases, 26 federal mining claims and one optioned federal mining lease (Red 25) having a combined area of 124,189.9 acres.