Seabridge Gold (NYSE:SA) Shares Gap Down – Here’s What Happened

Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) shares gapped down before the market opened on Friday . The stock had previously closed at $13.33, but opened at $12.20. Seabridge Gold shares last traded at $11.94, with a volume of 588,236 shares.

Seabridge Gold Trading Down 15.3 %

The business has a 50-day moving average of $12.27 and a 200-day moving average of $15.12. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -45.18 and a beta of 1.11. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.28 and a current ratio of 2.28.

Hedge Funds Weigh In On Seabridge Gold

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC grew its position in Seabridge Gold by 159.1% during the 4th quarter. Jane Street Group LLC now owns 300,216 shares of the basic materials company’s stock worth $3,425,000 after purchasing an additional 184,341 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Seabridge Gold by 5.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 100,149 shares of the basic materials company’s stock valued at $1,144,000 after acquiring an additional 4,951 shares during the period. Tudor Investment Corp ET AL purchased a new stake in Seabridge Gold during the 4th quarter valued at approximately $140,000. Oxford Asset Management LLP purchased a new position in shares of Seabridge Gold in the 4th quarter valued at approximately $324,000. Finally, Nebula Research & Development LLC increased its holdings in shares of Seabridge Gold by 6.9% in the fourth quarter. Nebula Research & Development LLC now owns 13,681 shares of the basic materials company’s stock valued at $156,000 after purchasing an additional 881 shares during the period. 34.85% of the stock is owned by institutional investors and hedge funds.

About Seabridge Gold

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.