Alexco Resource Corp. (TSE:AXU – Get Rating) shares traded up 1.6% on Wednesday . The stock traded as high as C$0.63 and last traded at C$0.62. 11,782 shares changed hands during trading, a decline of 96% from the average session volume of 336,390 shares. The stock had previously closed at C$0.61.
Analyst Ratings Changes
Several equities analysts have issued reports on AXU shares. Canaccord Genuity Group cut shares of Alexco Resource to a "hold" rating and set a C$1.25 price objective on the stock. in a research note on Thursday, June 23rd. Cormark reduced their price target on shares of Alexco Resource from C$3.00 to C$1.20 in a report on Monday, May 16th. Roth Capital cut Alexco Resource from a "buy" rating to a "hold" rating and set a C$0.40 price objective for the company. in a research report on Wednesday, July 6th. Finally, Alliance Global Partners lowered Alexco Resource from a "buy" rating to a "hold" rating and set a C$1.63 price target on the stock. in a research note on Wednesday, July 6th.
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Alexco Resource Price Performance
The company has a debt-to-equity ratio of 14.39, a quick ratio of 0.45 and a current ratio of 0.75. The company's fifty day moving average price is C$0.62 and its 200 day moving average price is C$1.32. The firm has a market capitalization of C$106.46 million and a price-to-earnings ratio of -5.00.
About Alexco Resource
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Alexco Resource Corp. engages in the mineral exploration, evaluation, development, and operational activities primarily in Yukon Territory, Canada. The company explores for silver, lead, zinc, and gold deposits. It owns interests in the majority of the historic Keno Hill Silver District project that comprises the Flame & Moth, Bermingham, Lucky Queen, Bellekeno, and Onek deposits, as well as 722 quartz mining leases, 873 quartz claims, 24 placer mining claims, 1 quartz mining license and 50% of 3 quartz mining leases, 2 crown grants, and 6 fee simple lots and 7 surface leases located in Yukon Territory.
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