Seabridge Gold (SA) Shares are Up 7.99%

Seabridge Gold (SA) has been under a strong bear grip, hence the stock is down -14.09% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 8.06% in the past 1 week. The stock has risen by 7.99% in the past week indicating that the buyers are active at lower levels, but the stock is down -11.2% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 3.45% and the 50-Day Moving Average is 2.2%. Seabridge Gold, Inc. has dropped 7.61% during the last 3-month period . Year-to-Date the stock performance stands at 59.71%.


Seabridge Gold (NYSE:SA): stock turned positive on Friday. Though the stock opened at $12.86, the bulls momentum made the stock top out at $13.3852 level for the day. The stock recorded a low of $12.8 and closed the trading day at $13.24, in the green by 4.25%. The total traded volume for the day was 923,878. The stock had closed at $12.7 in the previous days trading.

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.

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