Traders Buy Large Volume of Call Options on Seabridge Gold (NYSE:SA)

Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) was the recipient of unusually large options trading activity on Monday. Stock traders purchased 8,983 call options on the stock. This represents an increase of 307% compared to the average daily volume of 2,205 call options.

Institutional Investors Weigh In On Seabridge Gold

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. R Squared Ltd acquired a new stake in Seabridge Gold in the 4th quarter valued at approximately $28,000. Lee Danner & Bass Inc. purchased a new position in shares of Seabridge Gold during the fourth quarter worth $70,000. HighTower Advisors LLC acquired a new stake in shares of Seabridge Gold in the fourth quarter valued at $118,000. Ewing Morris & Co. Investment Partners Ltd. purchased a new stake in shares of Seabridge Gold in the 4th quarter valued at $138,000. Finally, Uniting Wealth Partners LLC acquired a new position in Seabridge Gold during the 4th quarter worth about $139,000. 34.85% of the stock is owned by hedge funds and other institutional investors.

Seabridge Gold Trading Up 0.3 %

Shares of NYSE SA traded up $0.04 during midday trading on Monday, reaching $12.58. 409,324 shares of the stock were exchanged, compared to its average volume of 636,704. Seabridge Gold has a twelve month low of $9.40 and a twelve month high of $20.55. The stock has a market capitalization of $1.26 billion, a P/E ratio of -50.32 and a beta of 1.01. The company has a 50 day simple moving average of $11.48 and a 200 day simple moving average of $13.29. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.28 and a current ratio of 2.28.

Seabridge Gold (NYSE:SA) (TSE:SEA) last posted its earnings results on Thursday, March 27th. The basic materials company reported ($0.32) EPS for the quarter.

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.