Alexco Resource (NYSEAMERICAN:AXU) Shares Gap Up to $1.97
Alexco Resource Corp. (NYSEAMERICAN:AXU) (TSE:AXR)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $1.84, but opened at $1.97. Alexco Resource shares last traded at $2.00, with a volume of 65,043 shares.
Several research analysts have recently issued reports on AXU shares. TheStreet upgraded Alexco Resource from a “d+” rating to a “c-” rating in a research report on Thursday, July 25th. Zacks Investment Research lowered Alexco Resource from a “buy” rating to a “hold” rating in a research report on Tuesday, May 21st.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can lifted its holdings in shares of Alexco Resource by 1,640.9% in the second quarter. Bank of Montreal Can now owns 25,000 shares of the mining company’s stock valued at $29,000 after purchasing an additional 23,564 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Alexco Resource by 55.1% during the second quarter. Jane Street Group LLC now owns 29,000 shares of the mining company’s stock worth $33,000 after buying an additional 10,300 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Alexco Resource during the second quarter worth $41,000. Man Group plc acquired a new position in shares of Alexco Resource during the second quarter worth $187,000. Finally, Morgan Stanley increased its holdings in shares of Alexco Resource by 2.8% during the second quarter. Morgan Stanley now owns 249,232 shares of the mining company’s stock worth $284,000 after buying an additional 6,724 shares in the last quarter.
Alexco Resource Corp. engages in the mineral exploration, and mine development and operational activities primarily in Yukon Territory, Canada. The company explores for silver, lead, and zinc deposits. It owns interests in the Keno Hill Silver District project that comprises the Flame & Moth, Bermingham, Lucky Queen, Bellekeno, and Onek deposits, as well as 725 surveyed quartz mining leases, 866 unsurveyed quartz mining claims, 8 placer claims, and 2 crown grants covering an area of 233 square kilometers located in Yukon Territory.
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