Seabridge Gold Inc. (NYSE:SA) dropped 1.7% during trading on Thursday . The company traded as low as $13.14 and last traded at $13.22, with a volume of 645,566 shares. The stock had previously closed at $13.45.

The stock’s market capitalization is $691.90 million. The company has a 50 day moving average price of $13.65 and a 200-day moving average price of $12.10.

An institutional investor recently raised its position in Seabridge Gold stock. Bank of Montreal Can increased its stake in 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 approximately 0.40% of Seabridge Gold worth $1,707,000 at the end of the most recent quarter.

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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