Alexco Resource Corp. (AXU) Trading Down 7.9%

Alexco Resource Corp. (NYSE:AXU) (TSE:AXR)’s share price traded down 7.9% during mid-day trading on Friday . The company traded as low as $1.46 and last traded at $1.51. 1,466,647 shares were traded during mid-day trading, an increase of 490% from the average session volume of 248,573 shares. The stock had previously closed at $1.64.

The stock’s 50-day moving average price is $1.50 and its 200 day moving average price is $1.44. The firm’s market capitalization is $152.76 million.

Large investors have recently made changes to their positions in the stock. Global X Management Co. LLC raised its holdings in shares of Alexco Resource Corp. by 14.8% during the 1st quarter. Global X Management Co. LLC now owns 1,076,758 shares of the mining company’s stock valued at $1,639,000 after buying an additional 138,950 shares during the period. KCG Holdings Inc. raised its holdings in shares of Alexco Resource Corp. by 61.9% during the 1st quarter. KCG Holdings Inc. now owns 71,287 shares of the mining company’s stock valued at $109,000 after buying an additional 27,256 shares during the period. ETF Managers Group LLC purchased a new stake in shares of Alexco Resource Corp. during the 2nd quarter valued at about $1,869,000. Finally, Virtu KCG Holdings LLC raised its holdings in shares of Alexco Resource Corp. by 92.3% during the 2nd quarter. Virtu KCG Holdings LLC now owns 137,109 shares of the mining company’s stock valued at $181,000 after buying an additional 65,822 shares during the period.

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About Alexco Resource Corp.

Alexco Resource Corp. (Alexco) 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.

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