Seabridge Gold Inc. (NYSE:SA) shares shot up 3.9% on Thursday . The company traded as high as $12.53 and last traded at $12.51, with a volume of 477,794 shares. The stock had previously closed at $12.04.

The firm has a 50-day moving average price of $13.94 and a 200-day moving average price of $11.49. The stock’s market cap is $645.35 million.

A hedge fund recently raised its stake in Seabridge Gold stock. Bank of Montreal Can boosted its position in shares of Seabridge Gold Inc. (NYSE:SA) by 15,757.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 205,829 shares of the company’s stock after buying an additional 204,531 shares during the period. Bank of Montreal Can owned 0.40% of Seabridge Gold worth $1,707,000 as of its most recent SEC filing.

Seabridge Gold Inc (Seabridge) is a development-stage company engaged in the acquisition and exploration of gold properties located in North America. The Company is focused on acquiring, exploring and developing gold deposits. The Company owns over five properties with gold resources and its material properties are its Kerr-Sulphurets-Mitchell (KSM) Project and its Courageous Lake Project.

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