The stock of Alexco Resource Corp. (TSE:AXR) gapped up by $0.03 today and has $4.78 target or 88.00% above today’s $2.54 share price. The 8 months technical chart setup indicates low risk for the $230.72M company. The gap was reported on Nov, 2 by Barchart.com. If the $4.78 price target is reached, the company will be worth $203.03M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 161,671 shares traded hands. Alexco Resource Corp. (TSE:AXR) has risen 73.91% since March 29, 2016 and is uptrending. It has outperformed by 71.39% the S&P500.
More news for Alexco Resource Corp. (TSE:AXR) were recently published by: Seekingalpha.com, which released: “Take Profits On Alexco Resource Corp.” on July 01, 2016. Quotes.Wsj.com‘s article titled: “News Alexco Resource Corp.AXU” and published on February 12, 2011 is yet another important article.
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 $230.72 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.