Seabridge Gold Inc. (NYSE:SA)’s share price rose 2.6% during trading on Wednesday . The company traded as high as $12.50 and last traded at $12.39, with a volume of 476,386 shares traded. The stock had previously closed at $12.08.

The firm’s market capitalization is $679.04 million. The company has a 50-day moving average price of $13.84 and a 200-day moving average price of $11.61.

An institutional investor recently raised its position in Seabridge Gold stock. Bank of Montreal Can raised its position in Seabridge Gold Inc. (NYSE:SA) by 15,757.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 205,829 shares of the company’s stock after buying an additional 204,531 shares during the period. Bank of Montreal Can owned about 0.40% of Seabridge Gold worth $1,707,000 at the end of the most recent reporting period.

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.