|Day Low/High||11.05 / 11.35|
|52 Wk Low/High||5.46 / 15.88|
Investors in Seabridge Gold Inc saw new options begin trading today, for the May 2017 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 242 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
In trading on Wednesday, shares of Seabridge Gold Inc crossed below their 200 day moving average of $11.02, changing hands as low as $10.83 per share. Seabridge Gold Inc shares are currently trading down about 9.1% on the day.
In trading on Tuesday, shares of Seabridge Gold Inc entered into oversold territory, changing hands as low as $12.035 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.
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France's Sanofi said it would move to oust the current board of Medivation if the latter does not engage in discussions about a transaction.
Shareholders have written consent to hold the target's board to task.