What’s Alexco Resource Corp. Downside After Today’s Huge Decline?


The stock of Alexco Resource Corp. (TSE:AXR) is a huge mover today! About 98,302 shares traded hands. Alexco Resource Corp. (TSE:AXR) has risen 307.81% since February 5, 2016 and is uptrending. It has outperformed by 291.32% the S&P500.
The move comes after 5 months negative chart setup for the $222.01 million company. It was reported on Sep, 13 by Barchart.com. We have $2.21 PT which if reached, will make TSE:AXR worth $22.20M less.

Alexco Resource Corp. operates two businesses: a mining business, consisting of mineral exploration and mine development and operation in Canada, located 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 and the United States. The company has a market cap of $222.01 million. The Company’s principal mining business activities are being carried out within the Keno Hill Silver District (KHSD) in Yukon Territory. It currently has negative earnings. The KHSD project is located near the village of Keno City, approximately 350 kilometers north of Whitehorse, Yukon.

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