Stocks Buzz: Seabridge Gold, Inc. (NYSE:SA) , CubeSmart (NYSE:CUBE)

On 4/19/2017, Shares of Seabridge Gold, Inc. (NYSE:SA) closed at $11.70 in last trading day. After noting the initial trading entry at $11.20, it reached to a day’s high of $11.70 and moved to a day’s low of $11.05. The recent daily volume was 1.28 million as contrast to it’s an average volume of 781.31 thousand.

Technical Indicators:

The last close of the Seabridge Gold, Inc. stock reflects that it traded up +5.53% from its 50-day moving average of $11.09. The stock traded above +14.30% to its 200-day MA of $10.24. Furthermore, it moved  lower -26.32% from its 52-week high of $15.88 and +59.18% up from $7.35, which is 52-week low of the stock.

During the last month, Seabridge Gold Inc.’s (SA) has changed 1.74% and performed 7.93% over the last 6 months. The mean rating score for this stock is at 1.00. This rating scale contains from 1 to 5 with 5 representing a Strong Sell, 1 signifying a Strong Buy and 3 demonstrating a Hold. The Volatility was noted at 4.96% in recent month and observed Weekly Volatility of 4.86%.

April 19, 2017 Seabridge Gold Inc. (SEA.TO) (SA) (the “Company” or “Seabridge”) announced  that it has closed its previously announced bought deal public offering (the “Public Offering”) of common shares (the “Common Shares”).  The Public Offering was completed by a syndicate of underwriters led by Canaccord Genuity Corp. and Cantor Fitzgerald Canada Corporation (the “Co-Lead Underwriters”) and including Paradigm Capital Inc., (together with the Co-Lead Underwriters, the “Underwriters”) to sell 1,100,000 Common Shares at a price of $14.30 per Common Share for aggregate gross proceeds of $15,730,000, which includes the full exercise by the Underwriters of the over-allotment option to purchase 100,000 Common Shares.  All monetary references are in Canadian dollars.

 

The Company intends to use the net proceeds from the Public Offering to continue to advance the Company’s KSM and Iskut projects and for general corporate purposes.

Seabridge Gold Inc. (SEA.TO) (SA) (the “Company” or “Seabridge”) announced  that it has closed its previously announced bought deal public offering (the “Public Offering”) of common shares (the “Common Shares”).  The Public Offering was completed by a syndicate of underwriters led by Canaccord Genuity Corp. and Cantor Fitzgerald Canada Corporation (the “Co-Lead Underwriters”) and including Paradigm Capital Inc., (together with the Co-Lead Underwriters, the “Underwriters”) to sell 1,100,000 Common Shares at a price of $14.30 per Common Share for aggregate gross proceeds of $15,730,000, which includes the full exercise by the Underwriters of the over-allotment option to purchase 100,000 Common Shares.  All monetary references are in Canadian dollars.

 

The Company intends to use the net proceeds from the Public Offering to continue to advance the Company’s KSM and Iskut projects and for general corporate purposes.

CubeSmart (NYSE:CUBE) finalized the last transaction at value of $27.89, with a daily change of -0.25% or -0.07 points. The company maintained volume of 1.12 million shares. In past trading day, the stock hit the maximum price of $28.06 and touched to minimum value of $27.75. It has a market cap of $ 5.02B.

Technical Indicators:

As of last trade close, the stock is trading  downside -14.92% from its one year high of $32.78 and moved +17.93% upward from $23.65, which is one year low of the stock.

The stock traded above +4.74% from its 50-day moving average of $26.63. Furthermore, the stock moved up +7.16% to its 200-day MA of $ 26.03.

CubeSmart’s (CUBE) moved with shift of 3.33% in the past week. Over the last three months, the shares of the company have changed 8.95% and performed 8.91% over the last six months. The stock currently has Monthly Volatility of 1.59% and Weekly Volatility of 1.49%.

 

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