Company Shares of Alexco Resource Corp (NYSEMKT:AXU) Drops by -2.66%

Alexco Resource Corp (NYSEMKT:AXU) has risen sharply, recording gains of 40.77% in the past 4 weeks. However, the stock has corrected -2.66% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 38.53% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The company shares have rallied 422.86% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $1.99 and the one year low was seen on Jan 19, 2016. The 50-Day Moving Average price is $1.34 and the 200 Day Moving Average price is recorded at $0.91.

The stock has recorded a 20-day Moving Average of 26.91% and the 50-Day Moving Average is 41.99%.


Alexco Resource Corp (NYSEMKT:AXU): stock turned positive on Friday. Though the stock opened at $1.77, the bulls momentum made the stock top out at $1.87 level for the day. The stock recorded a low of $1.7 and closed the trading day at $1.83, in the green by 5.78%. The total traded volume for the day was 727,011. The stock had closed at $1.73 in the previous days trading.

Alexco Resource Corp. (Alexco) is a mining company. The Company operates two businesses: a mining business, comprising mineral exploration and mine development and operation in Canada, primarily in Yukon Territory, and through its Alexco Environmental Group (AEG), an environmental services business, providing consulting, remediation solutions and project management services in respect of environmental permitting and compliance and site remediation, in Canada, the United States and elsewhere. Its principal mining business activities are being carried out within the Keno Hill District in Yukon Territory. The Keno Hill District (the District) is a storied silver mining region in Canada, encompassing over 35 former mines that produced variously, with published information from the Yukon Governments Minfile database reporting more than 217 million ounces of silver produced at average grades of approximately 40.5 ounces per ton silver, 5.6% lead and 3.1% zinc.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.