Sabina Gold & Silver (TSE:SBB) Share Price Crosses Above 200 Day Moving Average of $1.99

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Shares of Sabina Gold & Silver Corp (TSE:SBB) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.99 and traded as high as $2.69. Sabina Gold & Silver shares last traded at $2.66, with a volume of 352,040 shares.

Several analysts recently commented on SBB shares. National Bank Financial lifted their target price on shares of Sabina Gold & Silver from C$3.00 to C$3.25 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. TD Securities lifted their target price on shares of Sabina Gold & Silver from C$3.25 to C$4.00 and gave the stock a “speculative buy” rating in a report on Friday, September 11th. Finally, Royal Bank of Canada raised shares of Sabina Gold & Silver from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$2.75 to C$3.25 in a report on Tuesday, August 11th.

The firm’s 50-day moving average price is C$2.69 and its 200 day moving average price is C$1.99. The company has a market capitalization of $833.92 million and a price-to-earnings ratio of -182.86. The company has a current ratio of 7.03, a quick ratio of 6.63 and a debt-to-equity ratio of 0.24.

In other news, Director Walter Thomas Segsworth sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of C$2.71, for a total value of C$271,000.00. Following the completion of the transaction, the director now directly owns 278,396 shares in the company, valued at approximately C$754,453.16.

About Sabina Gold & Silver (TSE:SBB)

Sabina Gold & Silver Corp., a precious metals company, engages in the exploration and development of mineral resource properties in Canada. The company primarily explores for gold deposit. Its flagship projects include Back River gold project comprising Goose, George, Boulder, Boot, and Del properties, as well as the port facility at Bathurst Inletthat covers an area of approximately 564 square kilometeres located in southwestern Nunavut, Canada; and silver royalty on the Hackett River project that consists of approximately 10,637 hectares, located in Nunavut, Canada.

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